• Oman

    • Rikan Signs Three MoUs to Enhance Social Investment in Energy Sector

    By on May 19, 2026

    Oman Energy Sector Institutions Strengthen Social Responsibility Cooperation

    Muscat: The Foundation for Social Responsibility (Rikan) today signed three memoranda of understanding (MoUs) with Jusoor Foundation, the Development Foundation of Oman LNG, and Oman Society for Petroleum Services (OPAL).

    The agreements pertain to collaboration in the areas of knowledge and expertise exchange, data and initiative integration, as well as enhancing the efficiency of social investment and the implementation of community projects, with the aim of maximizing the social impact of community initiatives within the energy sector.

    Eng. Ismail Sulaiman Al Sawafi, General Manager of Social Responsibility at the Development Foundation of Oman LNG, affirmed that the signing of this memorandum represents a significant step forward and a qualitative leap toward institutionalizing community work and unifying visions within Oman’s energy sector. He noted that the Foundation believes that the integration of joint efforts and the smart exchange of data with partners constitute the primary driver for maximizing sustainable developmental impact.

    In a similar vein, Eng. Jaber Sulaiman Al Busaidi, Executive Director of Jusoor Foundation, explained that the signing of the memorandum of cooperation between Jusoor Foundation and Rikan Foundation for Social Responsibility in the Energy Sector marks an important step toward enhancing integration among institutions active in the field of social responsibility and transforming partnerships into more organized and sustainable developmental impact.

    He added that the agreement opens broader horizons for collaboration in the joint planning, financing, and implementation of social responsibility projects and programs, in addition to supporting small and medium-sized enterprises (SMEs), developing impact measurement frameworks, and facilitating data and expertise exchange—all of which enhance the efficiency of community initiative implementation and the sustainability of their outcomes.

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