Karwa Motors’ Local Purchases Exceed OMR2.5 Million, Boosting Oman's SMEs

In a significant stride towards localisation of industrial operations in Oman, Karwa Motors has made headlines by surpassing the OMR2.5 million mark in local purchases since commencing its commercial activities. This initiative not only underscores their commitment to bolstering local supply chains but also highlights their role in creating a competitive business environment that facilitates Omani companies' integration into manufacturing industries.

The company's strategic focus on enhancing opportunities for small and medium-sized enterprises (SMEs) within the automotive sector has proven fruitful. In 2024 alone, Karwa Motors awarded over OMR1.1 million worth of contracts to 93 local SMEs, reinforcing its dedication to reducing import dependency and ensuring a seamless logistical flow of materials and services crucial to the automotive industry in Oman.

Dr. Ibrahim bin Ali Al Balushi, CEO of Karwa Motors, elaborated on the significance of this initiative, emphasizing how investing in local suppliers is pivotal for enhancing industrial sustainability within the nation. Since its inception, Karwa Motors has been instrumental in supporting local businesses through contract awards and job opportunities, fostering a mutually beneficial relationship that contributes significantly to the development of Oman's industrial sector.

The collaboration with local entities presents multiple advantages, including reduced import costs by sourcing materials locally, enhanced supply speed, minimized operational risks associated with global supply chain delays, and guaranteed faster availability of spare parts and services. These efforts collectively ensure production continuity, elevate service quality, and establish enduring relationships with local suppliers to augment operational efficiency and sustainability.

Looking ahead, Dr. Al Balushi revealed that Karwa Motors is set on amplifying the volume of its local purchases in line with business expansion and an increase in commercial contracts. Moreover, the company plans to initiate training programmes for local suppliers aimed at bolstering their competitiveness and equipping them to meet global quality standards. This initiative promises to unlock new opportunities for local businesses both within Oman and across regional markets.

Karwa Motors' proactive approach not only strengthens the nation's industrial fabric but also serves as a beacon of sustainable business practices, inspiring other entities to follow suit in nurturing local talent and resources.