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Home > News > Latest News > Shell Intilaaqah Oman signs MoU to boost support for young Omani entrepreneurs

Latest News / Shell Intilaaqah Oman signs MoU to boost support for young Omani entrepreneurs

A boost for young entrepreneurs in the Sultanate

MoU signed between Shell Intilaaqah Oman and Zubair SEC

Shell Intilaaqah Oman has just signed an MoU with Zubair Small Enterprises Centre (Zubair SEC) to boost the programme’s support for young entrepreneurs in the Sultanate.

The MoU will provide young entrepreneurs, who have successfully participated in the Intilaaqah Entrepreneur Development Programme (IEDP), with an extended range of business support services including: business consultancy; mentoring; business education clinics; local market development support; business research and information services; and, networking opportunities.

The MoU was signed at The Zubair Corporation’s headquarters in Athaiba by Mr C S Badrinath, CEO of The Zubair Corporation, and Mr Chris Breeze, Country Chair, Shell Oman, in the presence of senior management from both organisations.

In order to be considered for support from Zubair SEC, entrepreneurs must successfully complete the IEDP which equips them with the essential tools they need to run a successful business, including the development of skills in business management, strategic planning, project management, financial planning, marketing, communications, and human resources. In order to complete the course, participants are required to submit their plans to an Intilaaqah panel, which will include representation from Zubair, and following the successful completion of a rigorous approval process, entrepreneurs will begin to benefit from Zubair’s three year support as they start up and develop their businesses.

Zubair SEC will closely monitor the entrepreneurs against agreed key performance indicators and quality criteria. They will also continuously identify the challenges and risks faced by the entrepreneurs and provide solutions to be implemented within the Intilaaqah programme.

Commenting on the MoU, Chris Breeze said, “We are delighted to be partnering with the Zubair Small Enterprise Centre on a first of its kind agreement for Shell Intilaaqah Oman. Having local strategic partnerships such as the one we are celebrating today enables Intilaaqah’s entrepreneurs to expand upon their Intilaaqah Entrepreneur Development Programme training and benefit from mentee-mentor programmes, educational workshops and networking sessions.

“We would also like to take this opportunity to thank Zubair SEC for its enthusiasm to form part of the Intilaaqah IEDP assessment panel and look forward to working together to help Oman’s most promising entrepreneurs thrive.”

C S Badrinath said, “This partnership with Shell Intilaaqah marks an important milestone for Zubair SEC as the first MoU the centre signs with the Oil and Gas sector towards empowering and supporting Omani entrepreneurs, and we will put all effort to bring best added value to Intilaaqah graduates who will join Zubair SEC and aim at becoming more business savvy and successful entrepreneurs.

“We also believe that while the Oil and Gas sector has been putting many efforts in the scope of the In Country Value (ICV) initiative, collaboration with other SME-focused programmes in the Sultanate, like Zubair SEC, would help to capitalise on the potential within ICV as the support efforts achieved by such centres as ours who are in the field on a day-to-day basis with entrepreneurs, living their businesses and challenges, would bring tremendous insight and value to the desired SME suppliers that could benefit from the ICV momentum.”

Welcoming the MoU, Hashim Al-Hasani, Intilaaqah Oman Programme Manager said, “This new partnership will provide Intilaaqah entrepreneurs with a professional monthly business perspective on the local market. Zubair SEC will also closely monitor the performance of the businesses and will provide a quarterly report highlighting the challenges and risks they are facing in the local market. This will enable Intilaaqah to develop potential solutions to allow entrepreneurs to overcome any obstacles that are adversely affecting their performance.”

Zubair SEC is one of the initiatives which emerged from The Zubair Corporation’s Social Responsibility strategic vision towards Omani society. The vision reflects the corporation’s belief in the importance of SMEs in enhancing the national economy and contributing to sustainable socio-economic development. The centre comprises a team of socially engaged and business savvy advisers who are committed to leveraging the Omani community through equipping and enabling entrepreneurs and their start ups to grow in a sustainable and responsible manner.

Since its launch in 2013, Zubair SEC has enabled 200 small businesses and around 220 entrepreneurs from all sectors of the economy to benefit from its services and support. 


 

Shell Intilaaqah Oman signs MoU to boost support for young Omani entrepreneurs
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