Omans Chamber Commerce signs MOUs to empower SMEs
19/11/24
Omans Chamber of Commerce and Industry (OCCI) recently signed three key memoranda of understanding (MOUs) in a strategic move to support the growth and sustainability of small and medium enterprises (SMES).
The agreements, made with Sharakah (Youth Projects Development Fund), Ooredoo Oman and Al Wadiah Business Company, aim to drive economic diversification and innovation within Omans private sector. Most importantly, these partnerships are essential for fostering the long-term growth of strategic goals to diversify the economy by building a sustainable, knowledge-based society.
Furthermore, the MOUs play a pivotal role in supporting SMEs by offering them economic opportunities, expanding their reach and boosting their competitiveness. These types of partnerships contribute to the Oman Vision 2040, which prioritises private sector growth and national economic development.
As a result, the MOU with Ooredoo aims to enhance digital capabilities and provide SMES with essential tools to compete in the market. Ooredoo will offer specialised training programmes, communication packages and marketing solutions tailored to SMES, which focus in particular on young Omani entrepreneurs.
Furthermore, the collaboration with the Chamber of Commerce and Industry will open new sales channels, provide targeted support, and help SMES increase access to digital solutions across various sectors. Under the agreement, Ooredoo will also facilitate training for sales in partnership with local offices and institutions, enabling SMES to tap into new market opportunities.
Sharakahs collaboration with the Chamber focuses on data-driven support, with plans to create a comprehensive SME database. This project will serve as a vital resource for identifying high-potential SMES and connecting them with employment contracts, direct funding, or other resources based on business readiness.
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