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FINANCIAL NEWS
Oman to boost economy with innovative PFD program
24 Nov 2015
(MENAFN) Oman has recently launched the Partnership for Development (PFD) Program which it’s confident it will lift the economic growth significantly.
Basically, PFD refers to a range of manufacturing and commercial compensation packages usually needed as a condition of purchase from foreign suppliers.
Moreover, the program helps diversify the national economy, enhance the military capabilities and promote human resource development in Oman.
In a different note, the PFD Program began at the Ministry of Defense in 2000 before being transferred to the Ministry of Commerce and Industry in 2008.
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