Madayn and University of Buraimi foster entrepreneurship and innovation through MoC

Madayn and University of Buraimi foster entrepreneurship and innovation through MoC

Muscat: In a move aimed at nurturing entrepreneurship and innovation, the Public Establishment for Industrial Estates (Madayn), represented by Al Buraimi Industrial City, has formalised a strategic partnership with the University of Buraimi.

The Memorandum of Cooperation (MoC) signed by Said bin Abdullah Al Balushi, Director General of Al Buraimi Industrial City and Dr Saeed Eid Younes, President of the University of Buraimi, marks a significant milestone in their shared vision to enhance mutual cooperation.

This collaborative initiative aligns seamlessly with their mission to exchange expertise, fortify public-private partnerships, champion sustainable knowledge, and promote innovative initiatives. Moreover, the partnership is geared towards advancing research and development efforts, in harmony with Oman Vision 2040, the nation's blueprint for a prosperous future.

The MoCis designed to streamline land allocation process for entrepreneurs holding the ‘Riyada’ card and student innovators. Furthermore, this partnership will enable several benefits, including facilitating procedures of tuition fees for Madayn employees and investors, exchange short training programmes, granting access to the university’s state-of-the-art IT facilities, and creating training opportunities for students within companies located in Al Buraimi Industrial City.