Sharakah outlines future vision for Oman SMEs

Sharakah outlines future vision for Oman SMEs

Muscat: Sharakah, Fund for Development of Youth Projects, made by Royal Decree for supporting the SME sector in Oman, recently attended the 18th annual meeting of the International Network for Small and Medium Enterprises (INSME), held in Baku, Azerbaijan.

INSME, based in Rome, Italy, holds an annual general meeting to address diverse subjects and significant challenges that concern the SME industry besides discussing the achievements and goals of the association.

This year's INSME conference, with the theme 'Empowering SMEs - Economic Diversification & Green Growth', was held at the JW Marriott Hotel, Baku under the patronage of Mikayil Jabbarov, Minister of Economy of the Republic of Azerbaijan.

Recognising that SMEs are essential to the global economy as a driver, contributors and employer, Sharakah discussed future cooperation and joint projects during the highly strategic meeting.

On the role of SMEs in global diversification and sustainability efforts, Ali Ahmed Muqaibal, CEO of Sharakah stated, “The speed of energy transition in any economy depends on many factors, such as the energy situation of the country, social and economic factors, etc. Amidst this environment, the incubation provided by multinational organizations and universities for SMEs has played a vital role in promoting green innovation by providing funds, closing gaps