Private sector’s role key for diversification

MUSCAT: The Oman Business Forum’s annual meeting reviewed the forum’s role in the integration of both public and private sectors. The meeting was attended by forum members, members of Public-Private Partnership Group (Sharaka), representatives from the government sector, businessmen and businesswomen, and representatives from the private sector. New members nominated from the private sector to Sharaka were also present. The meeting reviewed the main lines of work for 2019-2020. The forum is an outcome of Sharaka, which was launched last year as a platform to promote dialogue/rapprochement between the public and private sectors.
Sayyid Khalid bin Hilal al Busaidy, Minister of the Diwan of the Royal Court, stressed the interest of His Majesty the Sultan in the private sector as an active and influential partner in development and diversification of the economy. He said the Royal Court spared no effort in managing the national initiatives coming from Sharaka. Dr Ali bin Qasim bin Jawad, Studies and Research Adviser at the Diwan of Royal Court, reviewed Sharaka’s role since its inception. He said the Sharaka system was based on two complementary components that reinforce each other: partnership between public and private sectors, and a mechanism of dialogue between the two sectors.
He said: “The government’s development goals are irreversible. Profitability goals of private sector are unquestionable. Therefore, integration of their visions will allow each sector to implement its objectives.” The forum saw the Implementation Support and Follow-up Unit reviewing its efforts in following up on implementation of the initiatives of the public-private partnership for the promotion of business environment. The National Training Fund made a presentation of its achievements since its establishment. The Ministry of Finance reviewed the Omani Partnership Law, which is to be released this year. — ONA