(MENAFN- Muscat Daily) Oman Oil Marketing Company (Omanoil) recorded investing over 90 per cent of its expenditure in the local market with Small and Medium Enterprises (SMEs) contracted for logistics maintenance marketing and legal services as well as construction projects and business consultation.
As part of the company's In-Country Value initiative aimed at contributing to Oman's socio-economic development Omanoil has helped create vast employment and business opportunities empowering and cultivating the national talent pool all the while encouraging the SME sector growth.
Through its 162 filling stations 88 convenience stores and 17 car care centres omanoil has not only increased its product and service offering but also new business opportunities throughout the sultanate. In addition to its filling stations that are either fully owned or operated by Omanis and its car care centres managed by SMEs the company's outlets prioritise local employment from surrounding communities opening doors to career prospects for the youth.
'We have a responsibility as a home-grown establishment to lead by example and guide the youth as they enter the job market to become part of Oman's economic progress' said Eng Omar Ahmed Salim Qatan Omanoil chief executive officer. 'The employment potential in Oman is vast even more so given that SMEs represent over 90 per cent of the total number of registered firms. Our aim is to build strategic partnerships with entrepreneurs and SMEs and share our expertise to enhance their development enabling them to establish a foothold in the market.'
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