Oman rises to 11th position in global entrepreneurship rankings

MUSCAT : In a collaborative effort involving 16 governmental and private agencies, the workshop conducted by Riyada delved into various aspects of SME development, emphasizing the importance of enhancing local value programs, institutional growth, supplier development initiatives, and facilitating SMEs’ access to regional and global markets. Additionally, the establishment of business incubators and centres was discussed as a crucial step in nurturing entrepreneurial talent.

During the event, Dr. Abdullah Al-Shukaili, Executive Director of the Entrepreneurship Center at the University of Nizwa, presented insights from the Global Entrepreneurship Observatory. This presentation covered essential data and indicators monitored by the Observatory, its data collection methodology, and Oman’s significant role in contributing to the Observatory report.

Of particular note was Oman’s remarkable rise in the entrepreneurship index, securing the 11th spot out of 49 participating countries in the Global Entrepreneurship Monitor report for 2023/2024. This advancement of 27 places from the previous year underscores the concerted efforts of both government and private sectors in propelling SME growth within the Sultanate.

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The post Oman rises to 11th position in global entrepreneurship rankings appeared first on The Arabian Stories News.

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