Korea Federation of SMEs Meets with Oman's PTLC Director General, Requests Economic Cooperation Including Crude Oil and Naphtha Supply

The Korea Federation of Micro Enterprise announced on the 15th that it met with Badar Al Mamari, President of Oman Project, Tender & Local Content Authority (PTLC), who visited the Yeouido office of the Federation, to discuss policies supporting market access for small and medium-sized enterprises (SMEs) in Korea's public procurement market.

At the conference held on the 15th, Ali Al Nadabi, Counsellor at the Embassy of Oman in Korea (from the left), Najib Al Balushi, Administrative Investigator at Oman PTLC Chairman's Office, Tamir Al Katiri, Head of Government Procurement at Oman PTLC, Zarakiya Al Saadi, Ambassador of Oman to Korea, Changhoe Yang, Executive Director of the Korea Federation of Micro Enterprise, Badar Al Mamari, President of Oman PTLC (Procurement Agency), Hyunho Lee, Standing Auditor, Ali Al Harthi, Planning Advisor of Oman PTLC, Galibi Al Henai, Director of National Local Content Office at Oman PTLC, and Heejung Kim, Head of Economic Policy Headquarters of the Korea Federation of Micro Enterprise, are taking a commemorative photo. Korea Federation of Micro Enterprise

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This conference was arranged at the request of the Omani delegation, led by the PTLC President, during their visit to Korea, with the aim of benchmarking policies to expand SME participation in the public procurement market. The event consisted of a briefing by the Korea Federation of Micro Enterprise on "Policies to Support Market Access for SMEs in Korea's Public Procurement Market," followed by a Q&A session.

Zarakiya Al Saadi, Ambassador of Oman to Korea, also attended the meeting and pledged to promote active economic exchanges and close cooperation between SMEs of the two countries. Changhoe Yang, Executive Director of the Korea Federation of Micro Enterprise, stated, "Recently, amid surging crude oil and naphtha prices and supply instability caused by the ongoing war in the Middle East, Korean SMEs are facing significant challenges." "Since crude oil and naphtha are Oman’s largest export items to Korea, and the Korean government visited Oman last week to request stable supplies of these resources, we hope that the Omani government’s active support will further vitalize economic cooperation between our two nations."

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