ICV in Contract for OIA Entities Contractors


In-Country Value (ICV) initiative for companies under Oman Investment Authority (OIA) is called Qimam and was launched in December 2021. Key objectives of Qimam are develop productive and diverse economy, contribute in Omanization efforts, encourage localization and development of manufacturing, and develop local suppliers and build up SMEs. There are 12 OIA companies/groups, including Omran Group, Oman Air, Oman Airports, Asyad Group, Oman Food Investment Holding Company (OFIC), Fisheries Development Oman (FDO), OQ, Mining Development Oman (MDO), Oman Environmental Services Holding Company (be’ah), Namaa Group, and Oman Liquefied Natural Gas (Oman LNG). Marking the 52nd National Day, OIA announced the beginning of the inauguration of 10 national projects distributed geographically in several governorates across different sectors, with an investment value of over OMR 750 million. The ten projects are part of OIA’s National Development Portfolio, which manages more than 160 local assets and companies.

Since the year 2022, ICV evaluation is part of tendering process with many tenders issued by entities under OIA.

This course is designed to provide an overview and awareness about Qimam (ICV program for OIA Entities). ICV in Contract for OIA Entities Contractors training course aims to provide a good understanding of ICV concept, key elements of ICV Plan, and implementation of ICV in contract. The course is designed to be interactive and practical, with a focus on helping contractors understand the importance of ICV and its impact on local economic growth and job creation.

Course Objectives

The key objectives of this training course as follows:

  • To provide an overview of ICV and its key principles and
  • To understand about Qimam
  • To demonstrate practical techniques and resources for implementing ICV requirements.
  • Carry out the process to develop an ICV plan and evaluate ICV
  • To motivate contractors to support local economic growth and job creation through the promotion of local sourcing of goods and

Learning Methodology

There is no specific pre-requisite to attend this course. However, it is strongly recommended to have an overview about ICV in Oman, especially about Qimam program, before attending this course.

This course is delivered in English language and addresses knowledge level of competence.

In the face-to-face session participants will learn by active participation during the presentation using a wide variety of instructional techniques. There will be group exercises and case study to allow better understanding of the topics and instructional films will be utilized to present relevant examples. After the formal session on each day, up to one hour for One-on-One coaching sessions on the subject will be offered.

Course Duration

The total duration of the course is around 12 hours over 2 days, i.e. Six hours per day.

Size of Learning Batch

In order to maximize the benefits for each participant and to ensure engagement of all, it is recommended that the learning batch to be between 15 and 20 participants.

Room Set-Up

Training room setup is most conducive with comfortable, group setting such as round or oval table setting where each of the participants can clearly see each other and converse comfortably. Not to be mentioned, the basic setup of a training room such LCD projector, flap chart, audio system,…etc.

Who Should Attend?

This course is designed for contractors, procurement professionals, and those involved in contract management who want to understand the principles and practices of ICV and its impact on local economic growth and job creation. The course is relevant for those working in a range of industries and sectors, including construction, engineering, oil and gas, and manufacturing.

Workshop Outline

  • Introduction to ICV
  • Definition of ICV and its significance
  • Brief overview of business opportunities with OIA Entities
  • Explanation of ICV in tendering process
  • Key Elements of ICV Plan and how it is evaluated
  • Discussion of local sourcing and its benefits
  • Interactive exercise to reinforce learning
  • Discussion of the benefits of supporting local economic growth and job creation
  • Interactive exercise to reinforce learning
  • Summary of key learning points
  • Final Q&A session