Pioneer Investors – The Small and Medium Enterprises Development Authority announced the launch of the Investment and Start-up Forum on December 12, 2022, under the patronage of His Highness Sayyid Belarab bin Haitham Al Said.
In addition to taking advantage of international competitions and bringing in international speakers, the forum is designed to develop the concept of startups and facilitate meeting investors for startups.
Today, during a press conference held by the Small and Medium Enterprises Development Authority, the promising Omani startup program was launched and the activities of the Investment and startup Forum, which is organized by the Authority in December 2022, was announced.
This forum is the first of its kind in the Sultanate of Oman, which brings together the best international practices for supporting the emerging companies, based on innovation and technology, and provides access to financing and investment agencies.
In this context, Abdul Aziz bin Saeed Al Raisi – Vice President of the Small and Medium Enterprises Development Authority for the development of small and medium enterprises said: The forum is an opportunity to expand the horizons of opportunities for Omani startups to obtain financing and investment, and develop their system while identifying the most important directions and initiatives who are supporting them.
Qais bin Rashid Al-Tobi, Assistant Vice President for Small and Medium Enterprises Development at the Authority, explained that the promising Omani startups’ program includes three main axes: capacity building, financing and investment, and the legislative environment supportive of startups.
He pointed out that startups based on innovation and advanced technologies are companies that were launched from a creative pioneering idea, and have rapid opportunities for growth and expansion at the local and global levels, stressing that these companies employ modern technologies such as artificial intelligence, 3D printers, and other technologies to improve the lives of communities and develop the economy.