Korea Federation of Small and Medium Enterprises said on the 15th that it met with Badar Al Mamari, Administrator of Oman's Project, Tender and Local Content Authority (PTLC), who visited its Yeouido headquarters in Seoul, and discussed policies to support market access for small and midsize enterprises in Korea's public procurement market.
PTLC is the agency responsible for Oman's public procurement policy, government project management, and policies to expand local content and small and midsize enterprise participation in public procurement and national projects, serving the role of Korea's Public Procurement Service.
The meeting was arranged at the request of the Omani delegation, led by the PTLC Administrator, to benchmark policies that expand small and midsize enterprise participation in Korea's public procurement market. The meeting featured a briefing by the Korea Federation of Small and Medium Enterprises and a Q&A session on the theme of "policies to support market access for small and midsize enterprises in Korea's public procurement market."
Zacharia Al Saadi, Oman's ambassador, also attended and pledged to boost economic exchanges and expand economic cooperation between the two countries' small and midsize enterprises.
Yang Chan-hoe, executive managing director at KBIZ, said, "Amid the recent Middle East war, the surge in crude oil and naphtha prices and ongoing supply instability are causing difficulties for domestic small and midsize enterprises."
Yang said, "Since crude oil and naphtha are major export items from Oman to Korea, I understand the Korean government visited Oman last week to request a stable supply," and noted, "We hope economic cooperation between the two countries will be further energized through the Omani government's active cooperation."