OCCI's Ramadan Evenings conclude with focus on local content
Muscat – Oman Chamber of Commerce and Industry (OCCI) concluded its Ramadan Evenings for 2025 on Wednesday under the patronage of Sheikh Faisal bin Abdullah al Rawas, Chairman of OCCI.
The closing session, titled 'The Economic Importance of Local Content', highlighted the significance of strengthening local content as a pillar for building a sustainable and prosperous economy. Discussions focused on its role in boosting the national economy, supporting small and medium enterprises and introduction of the National Strategy for Local Content Development.
Speaking at the event, Rawas underscored the importance of integrating local goods and services into contracts and tenders. 'Enhancing local content strengthens the private sector, attracts investment and improves the overall business environment,' he said. 'By prioritising local products over imports, we can retain capital within the national economy.'
He added that supporting local content across key sectors such as industry, trade, logistics and tourism enhances economic resilience while creating more opportunities for private sector growth and innovation. Rawas further noted that Oman has made great strides in promoting local content through targeted policies and initiatives designed to encourage businesses to rely on domestic resources.
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