MUSCAT: The energy and logistics sector that comes under the Oman Investment Authority’s (OIA) National Economic Diversification Portfolio have contributed to the profitability.

Speaking at the Rawabet Forum, His Excellency Abdulsalam Al Murshidi Chairman of OIA said other sectors will be contributing to the growth of the National Development portfolio.  “There are indicators of growth in OIA’s National Development portfolio. Currently, two sectors contribute to the profitability of this portfolio, most prominently the energy sector, followed by the logistics sector. There are indicators of the increased contribution of several other sectors in the national development portfolio in the upcoming years including tourism, food and fisheries, technology sector, and mining,” Al Murshidi informed.

He added that the Rawabet Fifth Forum is a vital stage in the timeline allocated for the Business Plan Cycle where OIA companies work on their 5-year business plans. The companies will submit the first draft of their plans in August and the final draft in October 2022. OIA will, in turn, approve these plans by December 2022.

The forum was organized to enhance the general performance of the companies owned by OIA and achieve better alignment and integration.

The event was attended by many high-profile professionals, including several ministers and undersecretaries, chairpersons and CEOs of OIA companies, and a number of specialists.

The forum featured presentations from 12 OIA companies, 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). The event also featured Q&A sessions to encourage engagement and discussions among participants.