Embracing sustainable practices and modernizing the fishing industry are essential for ensuring the prosperity of Oman’s coastal communities and meeting the growing global demand for high-quality protein. The growth of Oman's fishing sector reflects a complex social fabric, akin to other Indian Ocean coastal states like India and Pakistan. In countries like India, Oman, and Pakistan, government focus has consistently supported SMEs and family-owned companies in the fishing industry. In Oman, this emphasis on individual involvement has been longstanding. A 2015 World Bank study highlighted potential industrial growth in the fisheries sector, encompassing both harvesting and post-harvest activities. With rising global protein demand due to population growth, aquaculture has become increasingly vital. Oman has actively invested in aquaculture and pelagic fishing, aiming for sustainable industry expansion.
To this end, Dawood Sulaiman Al Wahaibi boasts over three decades of expertise in the industry, making him a renowned figure. With a proven track record, his leadership brings invaluable insights and experience to the company he is serving, driving its success in the dynamic realm of fisheries. He embarked on his educational journey straight after high school, immersing himself in marine science research at the Marine Science & Fisheries Center. His passion for the ocean grew during his two-year training at University of Rhode Island, where he honed his focus on the fishing industry and its equipment. Returning to Oman, he assumed leadership at the Marine Aquarium before founding Five Ocean in 2010. This company later evolved into two entities: Five Ocean Environmental Services, renowned for its global environmental protection efforts, and a research-focused branch spanning South India, Africa, and the Arabian Peninsula. Dawood's transition from manager to leader emphasizes operational alignment and teamwork as keys to success.
Leadership Prowess
Dawood Al Wahaibi's expertise in the fishing sector revolves around strategic planning, scientific understanding, and operational efficiency. To drive growth within the company, he meticulously navigates the complexities of the industry, considering factors like international competition, biomass dynamics, sustainability, and evolving regulations. His approach encompasses three crucial aspects: first, assessing the current landscape and governing activities; second, charting a growth trajectory supported by scientific insights; and third, deploying the right tools, from fleet management to administrative support.
Aligned with Oman's economic diversification goals, his involvement in aquaculture planning and legislation underscores his commitment to innovation.
As a leader, Dawood Al Wahaibi strategically allocates a maximum of 40 percent of his time to management tasks, prioritizing mentoring sessions for staff engaged in the day-to-day operations. He views his ventures as his masterpieces, guiding his approach to leadership. Recognizing that true leadership involves empowering employees rather than micromanaging, Dawood focuses on fostering a culture of efficiency and productivity. Understanding the critical importance of operational success in the fishing industry, he extends unwavering support to those involved, instilling confidence and decision-making prowess. Through ongoing mentorship, Dawood cultivates a responsible and capable team, contributing to the overall flourishing of the organization.
Ethics form the cornerstone of Dawood Al Wahaibi's leadership approach, underpinning a culture of respect, integrity, and empathy. Transitioning from an employee to a manager, he redefined leadership by embodying principles he wished to see. Respect for diverse opinions and a commitment to ethical conduct resonate across all levels, fostering trust and camaraderie. His leadership isn't just about directives but setting an example worth emulating, akin to familial values. He understands that the work environment is akin to a second home, thus ensuring that every action reflects values he cherishes, much like within a family.
Dawood remains proactive in his approach, strategically prioritizing areas for personal and professional development to drive success in his businesses and contribute to global fisheries management efforts. He ensures to stay abreast of the latest advancements in the fishing sector and technology by leveraging social media and the internet. He emphasizes the importance of tapping into libraries and accessing the latest scientific reports, particularly focusing on topics like the Indian Ocean's dynamics and pelagic fish populations.
Attending global forums such as the World Pelagic Fish Forum further enriches his understanding of industry trends and challenges. His approach centers on continuous learning, dedicating time to reading and researching various topics, from finance to technological innovations in fishing. This proactive pursuit of knowledge enables him to adapt and innovate within his businesses successfully, fostering both local and international growth.
Dawood remains proactive in his approach, strategically prioritizing areas for personal & professional development to drive success in his businesses & contribute to global fisheries management efforts
“Having received mentoring training at The Prince's Foundation founded by King Charles in 1976 in the UK and volunteering at SME Development Authority in Oman, I've cultivated mentorship skills over the years. I've grown alongside industry peers over 25-30 years, offering guidance to those navigating business complexities. I support mentees to who seek guidance and help setting clear expectations. Witnessing mentees' growth, from basic to high-tech ventures, reinforces the importance of operational efficiency and financial management in business success”, concludes Dawood Al Wahaibi.
Dawood Sulaiman Al Wahaibi, CEO, Oman Pelagic
Dawood Sulaiman Al Wahaibi is a prominent figure in the fishing industry, recognized for his exceptional leadership. With over three decades of experience, he has spearheaded initiatives driving economic diversification in Oman, aligning with the nation's Vision 2040. His expertise in commercial fishing and commitment to sustainability have been instrumental in strengthening the sector and fostering its growth.
During his leadership career, the companies he led were honored with several prestigious awards: Best Medium Enterprise in the Manufacturing Sector in Oman (2015): This award recognized their exceptional performance and contributions to the manufacturing industry in Oman. SH Mohamed bin Maktoum Award for Best Manufacturing in the Arab World (2018): This distinguished award celebrated their excellence and innovation in manufacturing across the Arab world. Topmost Manufacturing Oman: This accolade acknowledged their outstanding achievements and leadership in Oman's manufacturing sector.
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