‘Student company’ honoured at Injaz Oman competition

Injaz Oman successfully concluded the third edition of its ‘Al Sharaka’ competition — a forum designed to enhance entrepreneurship among young Omanis and help them set up Small and Medium Enterprises (SMEs).
The competition was sponsored by Nama Group as part of its sustainability policy. Nama Group is helping various initiatives in their efforts to advance youth empowerment and national economic development. The Group has sponsored the ‘Best Sustainable Product’ Award that witnessed intense competition between student companies vying a number of prestigious awards.
The finale was held at Oman Convention and Exhibition Centre under the auspices of His Highness Sayyid Dr Fahad bin al Julanda al Said, Assistant Secretary-General of the Innovation Development Department at The Research Council.
Eng Omar Khalfan al Wahaibi, CEO of Nama Group, commended the winning student company, Oras, which presented its biodiesel brand as an alternative to fossil fuels.
Synthesised from waste cooking, vegetable and animal oils, the biodiesel brand is 13 times more efficient than ordinary diesel.
Dr Mansoor Talib al Hinai, VP Distribution and Supply & Acting EM — Group Communication & Sustainability at Nama Group, said: “We are committed through our sustainability strategy to develop Omani youth and entrepreneurial talents to become key business leaders of tomorrow.
Injaz Oman’s programme fits into our long-term strategy by improving lifelong-learners and investing in talents as an essential method of inspiring young Omanis. This is an ideal opportunity for them to channel their imagination into creative ideas that could potentially transform to new thriving businesses.”
A total of 15 student companies, shortlisted from 93 contestants, took part in the competition.