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Al Wahaibi and Al Said at the signing ceremony.

Nama Group in strategic Oman forestation deal

DUBAI, February 24, 2015

The Environment Society of Oman and Nama Group (formerly known as Electricity Holding Group) have signed a memorandum of understanding to fund a project to boost the forestation in the Governorate of Dhofar.

The duo also signed a deal to establish an office for the society in Dhofar, said a statement from Nama Group.

The new branch of the society will be the basis for many sustainable environmental and educational programs for the people of the region.

The new office will also provide employment opportunities for Omanis as well as training them in volunteerism and environmental protection.

It is one of many projects Nama Group has planned as part of its sustainability strategy, which aims to enhance the development of cultural, economic and environmental aspects in Oman, stated Omar Al Wahaibi, the CEO of Nama Group after signing the RO45,900 ($128,162) deal with Sayyida Tania Al Said, the president of the Environment Society of Oman.

Al Wahaibi said Nama supports programs and organizations that contribute to the environment, as it is a shared responsibility of everyone to preserve and protect them.

"Our partnership today with the Environment Society of Oman is a reinforcement of our sustainability value and through this agreement we aim to take a step forward in preserving the environment in Dhofar Governorate," he observed.
 
On the agreement, Al Said said: "We are very enthusiastic about this partnership with Nama Group, which showcases the group’s dedication to preserving the environment and doing their part in the shared responsibility to preserve Oman and its environment."

Nama comprises 12 joint stock companies registered in Oman namely Electricity Holding Company, Mazoon Electricity Company, Muscat Electricity Distribution Company, Majan Electricity Company, Oman Electricity Transmission Company, Rural Areas Electricity Company, Gubrah Power and Desalination Company, Wadi Jizzi Power Company, Oman Power and Water Procurement Company and Dhofar Power Company.

These companies were created as a result of restructuring of the Electricity sector and its related water services in 2004 and started commercial operations next year.-TradeArabia News Service




Tags: Oman | Nama Group | forestation |

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