Muscat – The Ministry of Labour, the Ministry of Social Development, the Authority for Small and Medium Enterprises Development (ASMED) and Oman Education & Training Investment Co have signed an agreement to train jobseekers to set up small and medium enterprises. The training programme caters specifically for social security and limited income families.
Besides securing employment for jobseekers from this section of society, the SMEs set up following the training will increase the industrial sector’s contribution to the GDP in line with Oman Vision 2040.
The agreement was signed by H E Sayyid Salim bin Musallam al Busaidi, Undersecretary for Human Resources Development in the Ministry of Labour, H E Sheikh Rashid bin Ahmed al Shamsi, Undersecretary in the Ministry of Social Development, Qais bin Rashid al Toubi, vice president of ASMED, and Retd Maj Gen Hassan bin Ihsan Nasib, chairman of the Board of Directors of Oman Education & Training Investment Co.
The agreement includes provision of support from various government agencies to ensure sustainability of the SME projects set up following the training and focus on the skills needed in the industrial sector.
ASMED will follow up on the establishment and implementation of these projects and ensure their sustainability, in addition to promoting these and marketing their products. The authority will conduct project feasibility studies, provide consultancy and guidance services, and supervise business incubators, a press release said.
According to H E Busaidi, the agreement is in line with the objectives of Oman Vision 2040.