Muscat: In line with its core values of corporate social responsibility, the Zubair Group Saturday announced a series of initiatives to support the accelerated growth of small enterprises in Oman.
These initiatives are being launched under a specialised organisation 'The Zubair Small Enterprises Centre,' which will nurture and support promising Omani enterprises in their growth and prosperity by providing administrative, financial and marketing support, as well as assisting in their collaboration with established business networks in Oman and beyond.
To begin with, the centre will commit to sponsoring 10 small enterprises annually, in addition to providing general business support to others. Further, the Zubair centre will support the nurturing of the spirit of entrepreneurship in education by partnering with the Injaz organisation to launch the 'Tasees' programme for the first time in the Sultanate, and will also support and promote the 'Sharikati' university contest.
Highlighting the importance of the new initiatives, Khalid M. Al Zubair, managing director of The Zubair Corporation said, "In accordance with the vision and wise leadership of His Majesty Sultan Qaboos bin Said, the private sector has been asked to step up and play a pivotal role in the development of small and medium enterprises (SMEs), to further aid the transformation of the economy in the Sultanate."
"At the Zubair Group, we strongly believe that private sector businesses can offer a wealth of invaluable support and experience to this emerging sector. By establishing the Zubair Small Enterprises Centre at the base of Zubair Group's corporate social responsibility plan, we are committed to playing a greater part in serving the people of Oman and help lay the foundations for a strong and growing economy."
The Zubair Small Enterprise Centre initiatives will foster the ideal environment for sustainable, commercial success of small businesses and they have been aligned to work alongside the objectives of the Oman government for the continued growth of the SME sector. Providing an accelerated growth strategy for young Omani entrepreneurs to establish their own businesses is the main goal of these initiatives, thereby contributing to the success of SMEs.
Khalid M. Al Zubair added: "By nurturing a conducive and healthy environment in which small and medium enterprises can operate, we can offer significant opportunities for accelerated business growth. Zubair Group's plan is to achieve this by deploying financial, planning, marketing and networking resources through initiatives under the Zubair Small Enterprise Centre, which will function as an incubator for small businesses to help them succeed and grow in a sustainable manner."
"The Zubair Small Enterprise Centre will channel our efforts in this sector, and it will co-ordinate the various Zubair Group initiatives, which will be announced from time to time. The centre will also administer the 'Tasees' programme which is being launched in partnership with Injaz Oman, the organisation responsible for inspiring students to become entrepreneurial in their approach to facing challenges, and bringing business-based activities into schools in the Sultanate. The Zubair Small Enterprise Centre has committed to supporting the winning business idea of the 'Sharikati' contest, organised annually by Injaz Oman for students in higher education.
"The Zubair Group places great emphasis on cooperation between all businesses. We all should join hands to develop the SME sector, to attain an even more progressive and prosperous national economy. By combining our resources and working together, we will be able to boost the employment opportunities and open new doors for qualified young Omani manpower in the future."
He encouraged the Omani youth to grasp the opportunities opened up to them and to follow the lead of their forefathers who built this country.
Sponsoring 10 small units
The Zubair Group believes in the Omani youth's unique ability to overcome challenges. Hence, the initiative to sponsor 10 Omani promising small enterprises each year. These enterprises will be selected using objective, professional criteria to evaluate each project. Once chosen, the centre will meet their needs through advisory and supporting services. Each qualifying small enterprise will be fully managed either individually or by group of young Omanis. The centre will announce the details of how young Omani entrepreneurs can apply for sponsorship under this scheme.
Long term vision
Tasees is an international programme that has recently been launched by the Zubair Group and Injaz Oman for the first time in the Sultanate. Injaz Oman is the local representative of Junior Achievement Worldwide (JAW).
The long term vision for the Zubair Small Enterprises Centre is to become a small business centre hub that offers resources, services and programmes to assist accelerated growth of small enterprises, across all sectors and industries. The Zubair Small Enterprises Centre will endeavour to create a business environment that incubates and supports small enterprises and encourages promising initiatives for the economic and social benefit of Oman and its people.
For over four decades, the Zubair Group has been deeply committed to the development of the Omani society. The Zubair Group is one of the first private sector organizations to prepare Omani youth to join the economic stream through specialized training programs and equip them with the necessary skills to lead the, business enterprises in the Oman of tomorrow. Through the Zubair Small Enterprises Centre, the Group is set to make a difference to the development and success of budding entrepreneurs.