OAPFD symposium to focus on role of offset

The Omani Authority for Partnership for Development (OAPFD) will organize a symposium in October under the theme, ‘The Role of Offset in Supporting Economic Development,’ under the auspices of Dr Ali bin Masoud al Sunaidi, Minister of Commerce and Industry and Chairman of the Board of Trustees of the Authority.

The symposium aims to exchanging knowledge and experience and create a greater awareness amongst key stakeholders of the role and importance of the Pfd/offset programme, by hosting a number of international experts in the field of the Partnership for Development programme.

Following the symposium, experts from the UK’S Cranfield University will hold technical PFD workshops for government and private entities who are obliged to implement the PFD programme. The workshops will be held as part of OAPFD’S strategy to organize a series of introductory workshops, conferences, and awareness campaigns for the PFD programme and the mechanisms for its implementation to achieve the objectives of the OAPFD.

The Omani Authority for Partnership for Development (OAPFD) was established pursuant to the promulgation of Royal Decree 9/2014 to manage and administer the Partnership for Development (Pfd/offset) Programme.

The objective of the Authority is to ensure that all units of the State Administrative Apparatus and the companies in which the government share is more than 50 per cent should apply the PFD programme in all procurement contracts which exceed RO 5 million with foreign companies and with local companies where foreign content is involved.