Initiative Launched to Support Enterprises, Projects of Omani Students Abroad

Muscat, The Public Authority for Small and

Medium Enterprises Development (Riyada), in cooperation with the

Directorate General of Commerce in the Ministry of Commerce and

Industry and the National Business Centre (NBC) in the Public

Establishment for Industrial Estates (Madayn) launched an initiative to

support the establishment of institutions and projects of students from

abroad. The initiative is part of the social responsibility of Oman Vision

2040 Conference.

The service will enable overseas students to turn their ideas into

pilot projects by obtaining a commercial register from the Ministry of

Commerce and Industry through the Invest Easy portal and then join

the virtual incubation service provided by Riyada Incubators and the

National Business Centre (NBC).

The Riyada Incubators and the NBC will provide virtual hosting

services, especially pre-incubation service through which they can

obtain many advantages and facilities, including the evaluation of

pioneering ideas, training services, counseling and guidance to obtain

financing opportunities from relevant parties and participate in events

and activities organized by Riyada and the NBC, in addition to

benefiting scholarship students during their leaves and their presence

in the Sultanate of other services provided by incubators.

The virtual incubation service will also open the door for many

students to start enrolling their own institutions and projects.

Launching this initiative will give the students’ projects the commercial

form and legal status to enable them to deal with companies and

entities related to their projects whether they are in the Sultanate or

abroad, including commercial agencies, and access to facilities for the

development of projects, such as technical, consulting and training

services.

Source: Oman News Agency