Times of Oman
Zubair Small Enterprises Centre Launches 5th Round of Direct Support Programme
October 18, 2017 | 10:31 PM
by ONA
he event was attended by executive managers from various public and public sector organisations, which are interested in the small and medium enterprises (SMEs) sector, as well as entrepreneurs and SME owners, and representatives from the media. - ONA
 
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Muscat: Zubair Small Enterprises Centre (Zubair SEC) launched the fifth round of its Direct Support Programme (DSP) in an event hosted by Hussam bin Muhammad Al Zubair, Board member of the Zubair Corporation.

The event was attended by executive managers from various public and public sector organisations, which are interested in the small and medium enterprises (SMEs) sector, as well as entrepreneurs and SME owners, and representatives from the media.

The DSP, which provides support and advisory to high-potential novice entrepreneurs and young business owners was launched in 2013 by Zubair SEC, a social responsibility initiative of the Zubair Corporation. The DSP has so far signed up 38 winners through the past four editions. The winner projects will be announced in February 2018 after the applications go through a multiple-stage evaluation.

In his opening speech, Hussam Al Zubair said, “I praise the young Omani entrepreneurs for their perusal and dedication to develop their projects and their continuous efforts to invest time and efforts to secure a successful and sustainable foundation for their projects. Congratulations to all stakeholders for the progressing success in investing in young Omanis, who will energies and serve our national economy through their projects”.



In his speech, Khalid bin A'Safi Al Hraibi, Acting CEO of the Public Authority for the Development of SMEs (Riyada) highlighted the cooperation between Riyada and Zubair SEC and the joints goals in supporting SMEs.

The DSP rewards members who prove through their commitment and applying the consultancy and advice provided to them by the Zubair SEC team. These members' projects and businesses should also reflect proper strategic planning and accurate feasibility studies that reflect their owners’ eagerness to apply best business administration measures with the assistance of Zubair SEC.

Accordingly, selected members for the DSP receive additional direct advisory and consultancy services, as well as a financial grant to support their businesses. Although all members of Zubair SEC benefit from advisory and training services, only some members who are selected every year for the Direct Support Programme get the financial grant and extensive advisory support through the programme. This is an approach to create positive competitiveness amongst members and to encourage them to work harder and be more committed and dedicated towards achieving their objectives and ambitions.

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