ICV

Supporting local value creation through sustainable partnerships, talent development, and economic growth.

Amjaad Group
In Country Value

Program Overview

  • Amjaad Group adopted and implemented the In-Country Value (ICV) Program, a government initiative in Oman.
  • The program enhances economic performance and supports regional businesses by directing greater public spending to the domestic economy.
  • Amjaad Group is committed to reaching the highest levels of ICV through practical and measurable actions.

ICV Focus Areas

  • Increasing Omanisation and developing the skills of the national workforce.
  • Increasing in-country spending on local services (Local Omani SMEs).

Governance and Delivery

  • Amjaad Group is registered and compliant with ICV certificates through the Ministry of Energy and Minerals, the General Secretariat of the Tender Boards, the Ministry of Labour, and the Business Gate-Way Platform.
  • To maximize industry contribution to social and economic development in Oman, the Group continuously enhances ICV under top management leadership.
  • The ICV strategy brings together SMEs and executives across sectors to provide guidance and services for ICV development.
  • The strategy supports participation in group project execution and delivery while creating and sharing opportunities across the industry.
  • Our ICV Policy is driven by two pillars: Contracting & Procurement (C&P) for qualified local sourcing, and Human Resource (HR) for Omanization development across group subsidiaries.

Our Group ICV Policy Mission

To support the sustainability of the local supply market in terms of services and products.

  • Apply ESG factors to identify and manage risks affecting operations, reputation, and long-term viability.
  • Address environmental and social challenges proactively, including climate risk, resource scarcity, labor practices, and community relations.
  • Reduce negative performance impacts by integrating sustainability into supply and service decisions.

To leverage the Omani supply market and enhance the ICV development / Omanization within the group

  • Strengthen local sourcing from Omani suppliers and SMEs to expand in-country value.
  • Advance Omanization through focused workforce development across group entities.
  • Reinforce trust and credibility with customers, investors, and stakeholders through ethical, responsible business practices.
ICV Policy Mission

Amjaad’s ICV Pillars

Omanisation & Workforce Development

We believe that people are the foundation of sustainable progress, and that is why we prioritize employing and training Omani nationals across all levels of our organization.

Currently, 51% of our workforce is Omani, with 60% holding senior management roles, reflecting our strong commitment to leadership localization.

Through continuous training and development programs, we ensure that Omani talent is equipped with the skills, knowledge, and opportunities to thrive in the long term.

Supporting SMEs & Local Suppliers

SMEs form the backbone of a resilient economy, and at Masheed, we actively create opportunities for them to grow.

By sourcing 85% of our materials and services from Omani SMEs, we help local businesses scale and strengthen their operations.

This approach not only builds long-term partnerships but also enhances the competitiveness of domestic supply chains.

Strengthening Local Supply Chains

Our procurement strategy is designed to maximize value within Oman by working closely with local partners and suppliers.

With over 65 Omani companies in our supply chain, we ensure that our projects directly contribute to the national economy.

This focus on local sourcing also reduces dependency on imports, increases efficiency, and creates a sustainable cycle of reinvestment in the country.

Empowering Local Services

We support local service providers across sectors such as facility management, maintenance, security, networking, and construction materials, ensuring our projects create lasting value within Oman.

Beyond infrastructure, we see development as a way to help communities thrive by integrating sustainability and social responsibility.

Aligned with Oman’s long-term vision, we strengthen local industries while contributing to resilience, opportunity, and lasting impact.

Need a partner with multi sector delivery expertise?

Connect with our team to explore how Amjaad can support your next development program from strategy to execution.

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