Muscat: The Small and Medium Enterprises Development Authority (Riyada) today kicked off a two-day workshop titled "Integrating Riyada Partners: Updating the entrepreneurship scheme - 3rd edition." The workshop sees participation from both public and private sector partners, alongside a number of entrepreneurs.
According to Oman News Agency, the workshop aims to enhance integration among stakeholders in the entrepreneurship sector, contributing to a unified effort in developing a consistent system that bolsters the growth and sustainability of small and medium enterprises (SMEs). It also seeks to raise awareness regarding the entrepreneurship scheme and emphasize the Sultanate of Oman's initiatives in crafting a roadmap that delineates the roles of stakeholders and concerned partners.
The workshop will examine existing international models for constructing a standard entrepreneurship scheme and discuss the advantages and challenges experienced during the first and second versions of the entrepreneurship scheme launched in 2018 and 2021. This initiative marks a progressive step in Riyada's continuous efforts to strengthen partnerships with various stakeholders and cultivate a more efficient and adaptable entrepreneurship system. This aligns with the objectives of Oman Vision 2040, which focuses on supporting the national economy and diversifying income sources.