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MENAFN - Muscat Daily - 21/04/2014
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(MENAFN - Muscat Daily) Oman's efforts to create a legal framework aimed at supporting the development of smaller businesses will be explored in a forthcoming report from the global publishing, research and consultancy firm Oxford Business Group (OBG).

The Report: Oman 2015 will map out the government's efforts to develop the country's workforce, while analysing the implications of revisions made to the sultanate's Labour Law. It will also assess the impact that reforms are playing in driving forward new policies, as the sultanate moves to boost non-oil growth, in line with its long-term development plan, Oman Vision 2020.

OBG has signed a research Memorandum of Understanding (MoU) with leading international law firm Dentons, for the forthcoming business intelligence report on Oman. Under the agreement, OBG will have access to the firm's expertise and research resources which will be used collaboratively to compile the Legal Framework Chapter of The Report: Oman 2015. OBG's regional editor, Oliver Cornock, said that changes to Oman's legislative framework had set the scene for the country to focus on the next phase of its long-term plans, which are expected to prioritise human resource development.

''Oman's push to diversify its economy on the back of the country's hydrocarbons wealth is gaining pace,'' he said. ''Infrastructure projects are taking shape, while the government has invested heavily in entrepreneurial initiatives, education and training. Much of this development has taken place against a backdrop of reform and I'm delighted that Dentons' team will be working in partnership with us to analyse the role that new legislation is playing in moving the country forward.''

Paul Sheridan, managing partner at Dentons, said ''We are pleased to partner with OBG to deliver this report. Oman's story over the past 35 years since we first opened an office in Muscat has been one of extraordinary success in a relatively short time. ''The speed of this development naturally brings new issues and problems to be resolved - human resources development being one and the development of a robust SME sector being another.

''Long term growth across key sectors such as logistics, manufacturing, tourism and agriculture and fishing is essential, in addition to the further development of the energy sector.'' OBG's country director, Cate McCabe, welcomed the opportunity to work with Dentons, saying its long standing presence in Oman, its local expertise and international knowledge would strengthen the report's analysis of Oman's legislati


 


Muscat Daily




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