The Ministry of Finance of the Sultanate of Oman has signed a strategic agreement with Huawei for the Partnership for Development (Offset) program, aiming to foster economic growth, enhance technological capabilities, and promote long-term sustainable development by leveraging innovative solutions and expertise.
The Partnership for Development agreement was signed on behalf of the Ministry of Finance by Mahmoud Abdullah Al Owaini, the Secretary General of the Ministry of Finance and the Chairman of the Board of Trustees of the Partnership for Development Program. On behalf of Huawei, the agreement was signed by David Shi, the CEO of Huawei Oman.
The agreement includes the implementation of three main projects. The first project aims to train 5,000 beneficiaries, including students, graduates, and employees, over a period of five years in the field of Information and Communication Technology.
The second project focuses on establishment of six innovation labs, in collaboration with several Omani higher education institutions to support research, development, and foster innovation.
The third project seeks to provide 100 specialized training opportunities each year for two years, totaling 200 trainees. These trainings will prepare and qualify Omani youth in the fields of 5G technologies, artificial intelligence, and cloud computing, following the latest global standards and practices.
The Partnership for Development (Offset) Program at the Ministry of Finance aims to facilitate the transfer of modern technology from committed companies and to build national capacities and competencies across various sectors.
This objective is accomplished through the transfer of knowledge and best practices established through the partnership relationships that the Ministry of Finance maintains with leading institutions and companies around the world.
