| The State General Reserve Fund (SGRF), Oman's sovereign wealth fund and Oman Oil Company (OOC) , the government's investment arm in the energy sector, have signed a strategic cooperation partnership pact. A press release stated that the pact comes in light of the commitment of both sides to contribute in developing the economy through diversifying the national income and enhancing in-country value (ICV).
The partnership between SGRF and OOC will focus on areas such as the development of human capital, supporting SMEs and knowledge transfer. "This partnership has been established because we at SGRF believe in the importance of cooperation and integration between various investment bodies in the sultanate, to serve the objectives of the fund in building national capacities, localising knowledge and expertise, and enhancing ICV...............................................Full Article: Source |