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Home Sector Logistics Oman’s MTCIT achieves 66 percent revenue growth, surpassing $77.9 million

Oman’s MTCIT achieves 66 percent revenue growth, surpassing $77.9 million

The allocation of funds is geared towards road construction and maintenance
Oman’s MTCIT achieves 66 percent revenue growth, surpassing $77.9 million
Oman's MTCIT achieves record-breaking revenue boost

The Ministry of Transport, Communications, and Information Technology (MTCIT) in Oman has announced a significant increase of 66 percent in its revenue for the year 2023, amounting to approximately OMR30 million ($77.93 million), compared to the previous year.

Read more: Oman targets OMR2.5 billion investment boost in transport and logistics

Furthermore, the ministry revealed that it disbursed over OMR216 million to the private sector for development projects under its supervision during the same period.

Fahd bin Salem al Hinai, director general of Administrative and Financial Affairs at MTCIT, emphasized the ministry’s dedication to making timely payments to the private sector once the documentary cycle is completed, facilitated by the Ministry of Finance’s unified financial system.

These financial allocations were primarily directed towards the construction and maintenance of roads, including repairs caused by adverse weather conditions. Additionally, funds were allocated for digital transformation projects and initiatives within the communications and information technology sector.

230 programs and workshops

To enhance the skills and knowledge of its workforce, the ministry conducted a total of 230 programs and training workshops in 2023. These included specialized, general administrative, technical, and leadership programs, as well as distance training sessions.

More than 1,916 employees from various divisions of the ministry benefited from these educational opportunities, showcasing MTCIT’s commitment to continuous learning and professional development.

Hinai further highlighted the implementation of new systems designed to streamline the execution and evaluation of training programs, ensuring high standards of quality and performance.

Regarding employment, MTCIT welcomed 103 new staff members in 2023, with 78 joining on permanent contracts and 25 based on experience, across its diverse divisions.

Notably, technical roles within the ministry’s sectors achieved a remarkable 97 percent Omanisation rate, demonstrating the ministry’s dedication to empowering local talent.

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