{"id":63285,"date":"2026-04-22T13:38:16","date_gmt":"2026-04-22T10:38:16","guid":{"rendered":"https:\/\/entarabi.com\/?p=63285"},"modified":"2026-04-22T17:26:01","modified_gmt":"2026-04-22T14:26:01","slug":"oman-launches-furas-platform-to-empower-smes-and-strengthen-local-content","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2026\/04\/oman-launches-furas-platform-to-empower-smes-and-strengthen-local-content\/","title":{"rendered":"Oman Launches \u201cFuras\u201d Platform to Empower SMEs and Strengthen Local Content"},"content":{"rendered":"\n<p>The Oman Investment Authority has launched the \u201cFuras\u201d digital platform, a strategic initiative aimed at empowering small and medium-sized enterprises (SMEs) and local suppliers by providing direct access to procurement and contracting opportunities across its portfolio companies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How the \u201cFuras\u201d Platform Supports Local Suppliers<\/h3>\n\n\n\n<p>The \u201cFuras\u201d platform serves as a centralized digital gateway connecting local businesses with supply chain opportunities. It enables transparent access to tenders and structured application processes, helping to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Improve procurement transparency<\/li>\n\n\n\n<li>Increase SME participation in contracts<\/li>\n\n\n\n<li>Enhance supply chain efficiency<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Alignment with Oman Vision 2040<\/h3>\n\n\n\n<p>The platform was launched under the patronage of Dr. Khamis bin Saif Al Jabri, aligning with the goals of Oman Vision 2040, which focuses on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Maximizing national investment value<\/li>\n\n\n\n<li>Expanding private sector participation<\/li>\n\n\n\n<li>Driving sustainable economic growth<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Key Figures Reflecting Growth in Local Spending<\/h3>\n\n\n\n<p>Recent data highlights strong momentum in local supply chains:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>OMR 1.3 billion<\/strong> spent between 2023\u20132025<\/li>\n\n\n\n<li><strong>32% average local value added (LVA)<\/strong><\/li>\n\n\n\n<li>Over <strong>20% of total spending directed to SMEs<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Strengthening Local Content Through Procurement Programs<\/h3>\n\n\n\n<p>The Oman Investment Authority has implemented multiple initiatives to enhance local content:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Inclusion of <strong>383 products and services<\/strong> under mandatory local content procurement<\/li>\n\n\n\n<li><strong>OMR 210 million<\/strong> total spending through this channel<\/li>\n\n\n\n<li>Allocation of <strong>64 work packages<\/strong> worth <strong>OMR 118 million<\/strong><\/li>\n\n\n\n<li>Qualification of <strong>58 SMEs<\/strong> through supplier development programs<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Driving Innovation and Supporting Startups<\/h3>\n\n\n\n<p>Beyond procurement, the \u201cFuras\u201d platform also supports innovation and entrepreneurship by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Delivering <strong>67 joint projects<\/strong> with companies<\/li>\n\n\n\n<li>Supporting startups and entrepreneurs<\/li>\n\n\n\n<li>Strengthening integration between local markets and emerging technologies<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Why \u201cFuras\u201d Matters for SMEs in Oman<\/h3>\n\n\n\n<p>The \u201cFuras\u201d platform represents a practical step toward building a more inclusive and competitive business environment in Oman. It provides SMEs with:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Greater access to contracts and tenders<\/li>\n\n\n\n<li>Opportunities to scale and grow<\/li>\n\n\n\n<li>Improved visibility within the supply chain ecosystem<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Oman Investment Authority has launched the \u201cFuras\u201d digital platform, a strategic initiative aimed at empowering small and medium-sized enterprises (SMEs) and local suppliers by providing direct access to procurement and contracting opportunities across its portfolio companies. How the \u201cFuras\u201d Platform Supports Local Suppliers The \u201cFuras\u201d platform serves as a centralized digital gateway connecting local [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":63283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[8850],"tags":[12235],"class_list":["post-63285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-venture","tag-furas"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/63285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=63285"}],"version-history":[{"count":1,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/63285\/revisions"}],"predecessor-version":[{"id":63287,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/63285\/revisions\/63287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/63283"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=63285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=63285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=63285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}