Business Research Award to help in economic diversification

Tuesday 16/March/2021 18:03 PM
Business Research Award to help  in economic diversification

Muscat: With an emphasis on domestic economic issues, and the diversification of economy, the Oman Economic Association has launched the first edition of its Business Research Award, which contributes to the development of sustainable economy.

 The award encourages research and studies analysing the current economic condition and charting out an economic track that responds to the era of Renewed Renaissance across different sectors.

The inaugural ceremony was held under the auspices of Dr. Said Mohammed Al-Saqri, Minister of Economy, who affirmed that the prize will significantly enhance research quality in economic fields, with emphasis on domestic economic issues, including economic stimulation and the diversification of economic product baseline, among other issues.

The minister expressed the hope that this prize will be held annually. He explained that the research papers will tackle a variety of economic issues and ways of facing challenges posed by coronavirus (COVID-19), besides pondering on developments associated with transformation into knowledge-based (cognitive) economy and energy substitutes, among other spheres.

The award will help decision makers find appropriate solutions to prevailing economic challenges and it will furnish an interactive research platform through which researchers could focus on the pressing concerns of the national economy.

The award will also encourage researchers to direct their activities towards fostering sciences and expertise of relevance to local and international economic developments, with emphasis on disseminating economic knowledge among segments of society.

The prize covers a broad range of business domains, including monetary policies, financial policies, the business environment, the legislations, foreign investment and current local economic challenges in the Sultanate and labour market solutions.

It targets research to be conducted by holders of Master’s, PhD and Bachelor’s degrees, as well as university and college students.

 Now that research proposals are being received, the qualifying proposals will be announced from early April 2021 till the end of May 2021. Research studies will be conducted between June and November 2021.

The final drafts of research papers will be received by the end of November 2021 and the successful ones will be sorted out in December 2021. By January 2022, the final results will be announced.