Sharakah, OPAL collaborate to support SMEs, youth projects

Sharakah, OPAL collaborate to support SMEs, youth projects

SME development firm Sharakah signed an MoU recently with Oman Energy Association, a non-profit dedicated to the energy and minerals sector.Muscat – Oman’s leading SME development firm Sharakah signed a Memorandum of Understanding recently with Oman Energy Association (OPAL), a non-profit dedicated to the energy and minerals sector.

The partnership aims to support the development of youth projects in Oman, emphasising the significance of nurturing business growth for a more substantial impact.

The agreement was signed by Ali Ahmed Muqaibal, CEO of Sharakah, and Abdulrahman al Yahyaei, CEO of OPAL.

Under the agreement, both Sharakah and OPAL commit to fostering the spirit of entrepreneurship and enhancing the promotion of Omani SMEs within specific fields. The  collaboration is expected to create jobs and stimulate the national economy further, a press release stated.

Central to the partnership are initiatives aimed at environmental, economic and social sustainability, including the provision of smart funding solutions and development of programmes addressing strategic areas such as In-Country Value (ICV), waste management, de-carbonisation and energy transition.

“Our partnership with OPAL marks a strategic collaboration where our smart funding capabilities will play a pivotal role in nurturing the growth and success of Omani SMEs,” Muqaibal said.

On his part, Yahyaei said, “In alignment with