Sharakah and Grant Thornton Abu Timam inked a deal last Wednesday to support the development of Small and Medium Enterprises in Oman. The signing ceremony took place at Sharakah's office in Al Khuwair. The agreement entails that Sharakah and Grant Thornton Abu Timam will work closely to help entrepreneurs who are seeking to establish or grow their businesses and to learn how to develop viable business plans.
Nasser Al Mugheiry, Managing Director, Grant Thornton Abu Timam said "It's about time that we sign this agreement with Sharakah, we have worked closely over the last 4 years in support of SME's in Oman. In fact some of the recent businesses supported by Sharakah have received support from our firm in developing their business plan."
"We offer support to those who are willing to learn vis-à-vis those who just want a customized business plan. As per the agreement with Sharakah, the entrepreneur will have to learn the basics of conducting market research, understand the basis of establishing a business, develop his financial skills, think strategically and plan for mitigating risks associated with running a business." Added Al Mugheiry
Sharakah services are not limited to finance, the main objective of Sharakah is helping SME and Omani entrepreneurs sustain in the market. Since 2007, Sharakah has supported more than 25 projects by which more than 95 job opportunities were created in the local market.
"Very often, we come across potential entrepreneurs who have the passion to start a business. However, they lack the skills to produce viable businesses. This agreement we signed will help fill that gap by providing an opportunity to would-be entrepreneurs, the basis of any business plan. Indeed, keeping in mind that it is costly to get a professional business plan, we have agreed with Grant Thornton Abu Timam to offer a discounted rate for all clients referred to them by Sharakah. We surely hope that this will encourage more locals to establish their own enterprises." Said Dinkar Kishor, Deputy General Manager, Operations at Sharakah
Sharakah is a Closed Joint Stock Company incorporated by the Royal Decree (76/98) to support the development of Small and Medium Enterprise's (SME's) in the Sultanate of Oman. It offers financial as well as administrative support.
For further information please contact
Ms. Halima Al Riyami, Marketing Specialist
Mr. Abdullah Al Jufaili, General Manager
Phone: 24479300
Email: info@sharakah.om
© Press Release 2012
