While change is always good, it’s not easy to move from the familiar, safe and normal into a totally different realm. Zuwaina Sultan Al Rashdi, CEO of Dar al Herfya, World of Handicrafts talks about what it takes to get off the beaten track and venture into an unfamiliar territory!
National Business Centre (NBC) plays a key role in promoting entrepreneurship among Omani youth. The different activities carried out by NBC include advisory services, consulting, training and market development. Malak Ahmed Al Shaibani, Director General of NBC explains the activities of NBC and her views on SME sector.
Oman needs to develop a mature venture capital market and set up manufacturing and technology hubs for expediting the growth of small and medium enterprises (SMEs). The country also needs to create an atmosphere that encourages creativity, says Aftab Patel, CEO of Al Omaniya Financial Services.
Khalid Ansari, Partner in Charge, KPMG Oman who has a deep knowledge on the SME sector in Oman says that to become competitive, SMEs in Oman need to be cost and market focused.
SMEs can provide vital support to the economy and can help provide diversified economic growth and employment opportunities, says Bikram S Rishi, CEO, Muscat Finance.
It is important for SMEs to benchmark themselves against their leading counterparts across the region. SMEs should always strive to upgrade the quality of services and products they offer, says Abdullah Al Jufaili, General Manager, Sharakah fund.
Taqi Ali Sultan, General Manager of Future Generations International of Towell group says entrepreneurs in SME sector need to dedicate fully for their cause and should focus on innovation. He adds that Towell group does not just distribute money but partners with SMEs to ensure success.