OQ sees 24% growth in local value-added content

MUSCAT: OQ Group launched its annual sustainability report during Oman Sustainability Week 2026, showcasing its systematic approach to embedding sustainability practices into operations and governance frameworks in line with Oman Vision 2040 and the Sultanate of Oman’s carbon neutrality target by 2050.
The report launch was held under the auspices of Abdulsalam bin Mohammed al Murshidi, Chairman of Oman Investment Authority (OIA).
This year’s report, titled “Responsible Impact – Sustainable Value,” outlines an integrated strategy balancing operational efficiency with environmental and social commitment across four strategic pillars: climate action, nature protection, human capital development and sustainable growth leadership.
On sustainability achievements, OQ expanded its renewable energy portfolio to over 2,000 megawatts and secured power purchase agreements for more than 740 megawatts from wind and solar projects. The group also automated greenhouse gas emissions inventory across all its subsidiaries, improving data accuracy, transparency and disclosure. OQ has successfully achieved 100 per cent of its corporate greenhouse gas reduction targets for 2025.
Local value added retained in Oman rose 24 per cent compared to 2024, with SME spending reaching approximately RO 117.7 million, reflecting the group’s role in enhancing local content. OQ also continued to invest in innovation and digital transformation to boost operational efficiency and ensure sustainable financial and environmental performance.
The Omanisation rate reached 88 per cent, with over 2,300 specialised training hours delivered in health, safety and environment. On the environmental front, the group maintained zero freshwater consumption in its operations, alongside advancing biodiversity protection and circular economy initiatives. — ONA