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