OQ and its partners are investing billions in Al Wusta Governorate to boost the local economy and promote social and economic development. This investment is aligned with their social responsibility goals and aims to support the growth of local companies, provide job opportunities, and enhance innovation in small and medium enterprises.
The expenditure by OQ and its partners in Al Wusta Governorate on goods and services from local suppliers in Oman has reached $2.825 billion. This investment focuses on maximising local value addition and creating economic momentum in Al Wusta Governorate and other regions, contributing to various economic activities and social development.
Duqm Refinery, a joint project between OQ and Kuwait Integrated Petroleum Industries Company, has spent $2.534 billion on goods and services during the construction stages. This includes significant investments in small and medium enterprises, local companies, and national industries, demonstrating a commitment to supporting local businesses and industries.
To further enhance local value addition and promote development, Duqm Refinery has allocated a percentage of its construction works to SMEs and local suppliers. The project also invests in social projects to improve the lives of residents and strengthen community relationships, with a focus on education, health, and the environment.
Duqm Refinery has undertaken initiatives such as the "Refinery Sciences" programme and English language development for students in Al Wusta Governorate, in collaboration with the British Council. These programmes aim to develop essential skills in students and prepare them for the workforce effectively.
In terms of training and qualification, Duqm Refinery has provided training grants for employees, opportunities for national talents, and scholarships at both local and international universities. These initiatives support skill development and education for individuals in the region.
OQ has also signed agreements to support the health sector in Al Wusta Governorate, financing projects such as the Emergency and Accidents Unit at health centers. These efforts aim to enhance healthcare services for residents and contribute to the overall well-being of the community.
The Ras Markaz Crude Oil Storage Project, managed by Oman Tank Terminal Company (OTTCO), is another significant initiative in Al Wusta Governorate to enhance economic diversification and sustainability. This project has invested in local value addition, providing contracts to local companies, purchases from local suppliers, and support for SMEs. It has also created job opportunities and supported social responsibility projects in education and community service.
Marafiq, a joint project between OQ and Gulf Energy Development, has also contributed to local value addition in Al Wusta Governorate. The company focuses on providing utilities services such as electricity, water, and sewage treatment for the industrial area in Duqm. Its investment in goods manufactured in Oman, support for SMEs, and training programs for Omani youth demonstrate its commitment to local development and capacity building.
The investments and initiatives by OQ and its partners in Al Wusta Governorate are driving economic growth, supporting local businesses, and enhancing social development. These projects aim to create sustainable opportunities for the community, foster innovation in small and medium enterprises, and contribute to the overall prosperity of the region.
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