IPM, Zubair SEC sign MoU to encourage development of SMEs

MUSCAT: With the aim to further encourage the growth of small and medium enterprises (SMEs), Innovation Park Muscat (IPM) signed a collaboration agreement with Zubair Small Enterprises Centre (Zubair SEC) at The Research Council of Oman (TRC).
The signing ceremony was attended by Dr Hilal Al Hinai, Secretary General of TRC, Khalid Muhammad al Zubair, Managing Director of The Zubair Corporation, and executive representatives from TRC, IPM, The Zubair Corporation and Zubair SEC.
Innovation Park Muscat (IPM), a project of national significance, is a TRC initiative designed to create a facilitating environment for researchers, scientists, start-ups, SMEs and multinationals.
It aims to augment Oman’s economic, entrepreneurial and knowledge base by supporting the growth of innovative and research-driven domestic and international companies in areas that include energy, health science, water and environment and food and biotechnology.
Zubair SEC, a flagship social impact initiative by The Zubair Corporation, has more than 450 members who have access to comprehensive services including advisory, capacity building, networking opportunities, and business development support.
The MoU between IPM and Zubair SEC details the areas of collaboration whereas Zubair SEC will extend advisory services to applicants of the IPM’s incubators and provide them with guidance on how to prepare business plans and provide counselling on management, commercial and financial planning aspects.