The Public Establishment for Industrial Estates (Madayn) and the Oman-Indian Fertilizer Company (OMIFCO) signed an agreement to establish the OMIFCO Center for Innovation and Entrepreneurship in Sur Industrial City.

This agreement stems from the plans of Sur Industrial City to support innovation and entrepreneurship in the Sultanate of Oman in general, and the Governorate of South A’Sharqiyah in particular, by providing an incubator environment for their projects. The agreement aims to enhance the role of entrepreneurship and innovation and embrace emerging companies in various sectors. The center will work as a pioneering environment to provide packages of services to entrepreneurs, which include shared work spaces, private offices, consulting services, training programs and seminars, and technical support, which will enhance the culture of entrepreneurship in the governorate and provide owners with ideas and projects for the labour market.

The center is expected to become operational within 24 months.

The agreement was signed by Eng. Nasser Hamoud Al Mabsali, Director General of Sur Industrial City, and Khalid Sulaiman Al Farsi, General Manager of Supply Chain at OMIFCO.

Source: Oman News Agency