GOCA 2019: Oman details pending changes to Partnership for Development Programme

06 May 2019

The Oman Authority for Partnership for Development (OAPFD) has outlined changes to the country’s offset and industrial participation programme that are pending in 2019.

The reforms to the programme – which are expected to be applicable in the second or third quarter of the year – were presented by OAPFD chief executive Dr Dhfir Awadh Al-Shanafi at the Global Offset and Countertrade Association (GOCA) conference in Virginia, US, on 6 May.

Changes include the formal incorporation of a civil offset programme; the clarification of the definition of a local company; adjustment to programme multipliers; a shift in the reporting period for programme milestones from biannual to annual; and the formal shift to an online system that will include the mapping of industrial capabilities to aid obligors.

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