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Oman Business News

Oman attends major forum on offset and counter-trade

The Omani Authority for Partnership for Development (OAPFD) recently participated in the Global Offset and Countertrade Association (GOCA) 2019 Offset Conference.

The event was held in United States and Dr Dhafir Awadh Al Shanfari, its Chief Executive Officer, headed the OAPFD delegation.

Around 42 speakers from several countries participated in the conference, which is generally considered the world's largest gathering of offset practitioners drawn from both industry and government. The purpose of the conference is to promote cooperation between companies and government from around the world through a greater understanding of countertrade and offset.

Dr Dhafir delivered a presentation on Oman's PFD programme including the first official presentation of the Ta’ziz System to an international audience.

He emphasised the importance of the programme, examples of which are employed in many countries around the world and where it serves as a valuable economic tool for accomplishing a variety of goals relating to economic diversification, enhancing national capabilities including military and security capabilities, and strengthening the private sector through new technologies and human resource development.

"These forums and conferences provide an excellent platform for introducing the PFD programme and its regulations to international contractors and suppliers, Dr Al Shanfari said.

"The authority's participation at this conference, which includes a government to government knowledge sharing session, is important because it includes a number of officials and experts from various countries around the world, to exchange experiences and opinions, and benefit from the latest developments achieved by the leading countries in the application of the Offset Programme and successful offset projects," he added.

Source Link:

  • GOCA Offset Conference
  • United States
  • Industry
  • Government
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