Latest news with #Mu'tamad
Observer
02-08-2025
- Business
- Observer
OIA injects RO 7 bn into state budget
BUSINESS REPORTER MUSCAT, AUG 2 The Oman Investment Authority (OIA) has pumped over RO 7 billion into the state budget to continue the role initiated by the State General Reserve Fund since 2016. Other contributions include enhancing investor confidence, improving the investment climate in Oman, and reducing companies' debt by 47% by the end of 2024. Details about OIA's major contributions to the national economy over the past five years have been highlighted in an interview by Sultan al Habsi, Chairman of OIA's Board, in the latest edition of Enjaz & Eejaz, OIA's quarterly bulletin. Al Habsi also discussed the dual financial and economic impact of the National Development Fund (NDF), which spent over RO 8.8 billion since its establishment. Its financial importance lies in enhancing financial stability, reducing the state's budgetary burden, and stimulating national economic activity. Economically, it is strategically aligned with Oman Vision 2040 as these projects focus on high-impact sectors, helping diversify the productive base, generate local employment, and strengthen supply chains. In the same interview, Al Habsi clarified the Board's role in steering investment decisions and ensuring long-term financial sustainability. The Board is tasked with approving OIA's vision and strategy, overseeing major investment decisions, asset allocation, policy approval, and its companies' governance, ensuring, as he described, that OIA remains 'a trusted custodian of Oman's wealth, investing for present and future generations in alignment with Oman's national interests.' Recognising its national responsibility to contribute to development and achieve the goals of Oman Vision 2040, OIA highlighted its 'National Agenda', a set of development-oriented commitments including attracting foreign investment, reducing its companies' debt, developing human capital, maximising local content, and supporting the national digital transformation journey. OIA has made tangible progress toward these goals. In 2024 alone, the NDF and FFO attracted more than RO 3.3 billion in foreign investments, while the divestment programme drew over RO 1.5 billion. OIA also cut debt by more than RO 2.5 billion by the end of 2024. It prioritised human capital development through initiatives like the 'Nomou' and 'Mu'tamad' programmes, positioning people as drivers of growth. It also focused on maximising local content, issuing policies and guiding its companies to adopt and enhance local content practices. Programmes like the 'Vendor Development Program' helped develop 58 small and medium enterprises (SMEs) between 2023 and 2024, in addition to initiatives such as the 'Mandatory list', 'Ring Fencing', and the 'Qimam' Hackathon. These efforts led to an increase in SME spending to RO 265.5 million in 2024. On the digital transformation front, OIA aligned its internal digital strategy with the national plan under Oman Vision 2040.
Observer
08-05-2025
- Business
- Observer
What is Mu'tamad programme? How can it help jobseekers?
Muscat: The Oman Investment Authority (OIA) has recently launched the third edition of the Mu'tamad programme, an initiative designed to enhance the employability of Omani graduates in high-demand sectors including finance, accounting, and cybersecurity. The programme, which opened for registration on April 28 and runs until May 15, targets Omani jobseekers holding bachelor's degrees in related disciplines with a minimum GPA of 2.7. Participants selected through written assessments and interviews will undergo intensive training and professional development aimed at securing globally recognised certifications such as the Chartered Financial Analyst (CFA) and ACCA qualifications. In a notable expansion this year, the third edition introduces a dedicated cybersecurity track, reflecting the growing demand for digital security professionals in both public and private sectors. The inclusion of this track aligns with national priorities in digital transformation and cybersecurity readiness. The Mu'tamad Programme is part of OIA's broader commitment to supporting Omanisation and preparing local talent for leadership roles within strategic sectors. According to OIA, 50 graduates have successfully completed the programme in its first two editions, all obtaining international certifications and advancing into the workforce.
Muscat Daily
30-04-2025
- Business
- Muscat Daily
OIA opens registration for third edition of Mu'tamad Graduate Programme
Muscat – The Oman Investment Authority (OIA) has announced the launch of the third edition of its graduate employment and development initiative, Mu'tamad, reaffirming its ongoing commitment to enhancing Omanisation and bridging gaps in the labour market. Designed to support Omani jobseekers, the programme targets university graduates in finance, accounting, cybersecurity, information security, computer science, and IT. This edition introduces a dedicated cybersecurity track offering specialised certifications to meet rising market demands. Since its inception, Mu'tamad has enabled 50 participants to obtain accredited qualifications in finance and accounting, preparing them for employment through a unique model that combines training with job placement. FahmiZahir al Mazroui, Acting Head of Human Resources and Change at OIA, stated: 'The third edition of Mu'tamad reflects our continued dedication to developing national talent. The programme equips young Omanis with in-demand skills and internationally recognised certifications, increasing their employability and supporting productivity across key sectors.' Participants will receive training in areas including taxation, auditing, business management, investment, and technical cybersecurity skills. Successful candidates will also gain hands-on experience, ensuring they are ready to enter the workforce with confidence. To be eligible, applicants must be Omani nationals, hold a bachelor's degree in a relevant field, have a minimum GPA of 2.7, and be registered jobseekers in the labour system. Registration is open from April 28 to May 15, 2025. Shortlisted candidates will undergo written assessments and interviews before final selection.
Times of Oman
29-04-2025
- Business
- Times of Oman
OIA launches 3rd edition of Mu'tamad programme
Muscat — Oman Investment Authority (OIA) has announced the opening of registration for the third edition of its Graduate Employment and Development programme 'Mu'tamad'. This reaffirms OIA's commitment to developing and employing Omani graduates while bridging labor market gaps through job creation and enhancing Omanization rates by upskilling national talent. The programme targets graduates in accounting, finance, cybersecurity, information security, computer science, and IT. This edition introduces a new cybersecurity track, offering specialized certifications to align with growing labor market demands in cybersecurity and modern applications, alongside the existing finance and accounting track. A total of 50 candidates qualified in the programme's first two editions, successfully meeting all requirements to obtain accredited certifications in finance and accounting. The initiative is part of OIA's efforts to empower national competencies, equipping participants with skills and knowledge in accounting, finance, taxation, auditing, business management, investment, cybersecurity, and information security. It also provides technical expertise to help them excel in diverse roles. The programme uniquely combines training with employment opportunities upon certification. FahmiZahir Al Mazroui, Acting Head of Human Resources and Change at OIA, stated that launching the third edition of Mu'tamad reflects OIA's ongoing efforts to develop national capabilities and enhance workforce readiness. He added that Mu'tamad is a further step towards enabling nationals to obtain globally recognized certifications, boosting efficiency in finance, accounting, and cybersecurity sectors, increasing productivity, and creating job opportunities that support employment and Omanisation goals. Eligibility requirements include holding a bachelor's degree in finance or accounting (for CFA or ACCA certifications) or in cybersecurity, information security, computer science, or IT (for cybersecurity certifications). Applicants must have a minimum GPA of 2.7, be Omani nationals, and registered as job seekers in the labour system. Registration for the third edition is open from 28 April to 15 May 2025, after which shortlisted candidates will proceed to written exams and interviews for final selection.
