Tuesday, June 24, 2008

Oman: Article on Women's Entrepreneurship

In the Middle East countries and specially the AGCC countries (Arab Gulf Cooperation Council consisting of Oman, Saudi Arabia, UAE, Qatar, Bahrain and Kuwait), the process of participation of the women in enterprise and businesses has been given due attention in the recent past. The long term development strategy, “Vision 2020” adopted by Oman has provided an encouraging environment for women entrepreneurs to participate and contribute towards this effect. Availability of education, training and awareness has helped Omani women to emancipate in recent past and resultantly, Oman has a significant number of women entrepreneurs in the male dominated Arab society.

In Oman, two main programs namely “Fund for Development of Youth Projects” and the “SANAD” Program have been launched in recent years to promote entrepreneurship for both
men and women. The Youth Fund was established in 1999 and it encourages young Omani men
and women to start small and medium enterprises. This program has been successful to some extent in attracting young entrepreneurs. The SANAD program was started in the year 2001, its main objective is to speed up the process of Omanization by creating self employment opportunity. This program has attracted a significant number of women who are interested in establishing their micro-enterprise.

Training and development plays important role in making women entrepreneurs successful. “Intilaaqah” program was established in 1995 by Shell Oil Co. in Oman to provide training, counseling and consultancy and its role in supporting women entrepreneurs has been very encouraging with its limited resource.

PDF version of the article: http://www.sbaer.uca.edu/research/icsb/2005/109.pdf

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