On 09- 10 January 2017, OSC held its annual conference under the theme "Construction Sector needs an upturn" The event was attended more the 150 construction and contrcating companies.
Dr. Hamed Al Dhahab, OSC Chairman, in his opening address, highlighted OSC’s progress to date, and the challenges the sector is facing in theses economic conditions. Dr. Dhahab stressed the importance of sharing ideas and effectively participating to find innovative solutions for the challenges that are hindering the potential of the sector.
Shahswar Al Balushi, OSC CEO, presented in detail OSC achievements in last year. In his keynote Al Balushi, stated the sector needs to be proactive and contributive. He also indicated the need for the collaboration of all parties. No party by itself can carry the burden of prevailing challenges without the participation of all other stakeholders. This conference is an excellent initiative from the part of OSC and the sector to determine best ways to reduce the impact of the present economic conditions.
Ashok Hariharan, Partner at KPMG, presented detailed analysis and impact of the 2017 budget and five-year plan. He indicated that the challenge centers on the oil price. If the government succeeds in improving the investment climate and in enhancing the role of the private sector, as outlined in Tanfeedh there is good hope that Oman will yet again emerge successfully from the challenging global and regional economic environment.
Kalat Al Balushi, CEO Oman Invest Corporation, presented the Private, Public Partnership concept. Folowing his presentation a panel discussed moderated by Nader Al Rawahi elaborated on the concept and gave a deeper insight of the working of PPP and particularly with regard to infrastructure projects.
Mr. Simon Karam moderated a panell discussion on opportunities. The panelists highlighted what opportunities will be made available through the diversification program of Tanfeedh. They deliberated on how these opportunities will impact the sector and wgen that impact will occur.
Mr. Pankaj Khimji moderated an interesting discussion on facilitation and business enviroment. The panelist, CEOs of key construction companies, highlighted the challenges they face and crucial need for improving the national business environment.