Al Rafd Fund signs pact with Al Zubair Group

Muscat: Al Rafd Fund signed a Memorandum of Understanding (MoU) with Al Zubair Group for subsidising entrepreneurs financed by the Fund.
The agreement was signed by Mohammed bin Saif Al Amri, Director General for Subsidy and Entrepreneurs at Al Rafd Fund and Ali Shakir Business and Partnership Development Manager at Al Zubair Small Enterprises Centre.
As per the MoU, beneficiaries of the financing provided by Al Rafd Fund will be guided to benefit from the technical, administrative and training services provided by Al Zubair.
The applications nominated by Al Zubair Enterprise will be also considered as per the terms and conditions in force. Al Zubair Group will also provide a number of free of charge training programmes for entrepreneurs in several fields, in coordination with Al Rafd Fund.
Priority will be given to those who benefit from the finance programs for purchases and contracts.
Sharing of information
The agreement also provides for the sharing of information from different organisations to streamline the procedures to get the required finance from these organisations.
The agreement comes as part of the efforts done by Al Rafd Fund to subsidise entrepreneurs and enhance cooperation with the public and private organisations to provide entrepreneurs with the conducive environment that helps them address the challenges facing them while trying to develop their business.
The agreement, which comes within Al Rafd Fund’s new trend, enhances 80/20 Plan, which subsidizes and develops entrepreneurs’ projects.