(MENAFN- Muscat Daily) Shell-Intilaaqah has signed a Memorandum of Understanding (MoU) with Zubair SEC to support Omani entrepreneurs and owners of small businesses in the sultanate.
The MoU was signed at The Zubair Corporation headquarters in Azaiba by C S Badrinath CEO of The Zubair Corporation and Chris Breeze chairman Shell Country in Oman in the presence of top management executives from both sides.
Commenting on the MoU Badrinath said 'This partnership with Shell Intilaaqah marks an important milestone for Zubair SEC as it is the first MoU the centre has signed with the Oil and Gas sector towards empowering and supporting Omani entrepreneurs and we will make all efforts to add value to Intilaaqah graduates who will join Zubair SEC.'
He added 'We also believe that while the Oil and Gas sector has been putting many efforts in the scope of the In Country Value (ICV) initiative collaboration with other SME-focused programmes in the sultanate like Zubair SEC would help capitalise on the potential within ICV as the efforts would bring tremendous insight and value to the desired SME suppliers that could benefit from the ICV momentum.'
Chris Breeze said 'We are delighted to be partnering with the Zubair Small Enterprise Centre on a first of its kind agreement with Shell-Intilaaqah Oman. 'Having local strategic partnerships such as the one we are celebrating enables Intilaaqah's entrepreneurs to expand upon their Intilaaqah Entrepreneur Development Programme training and benefit from mentee-mentor programmes educational workshops and networking sessions.' He added 'We would also like to take this opportunity to thank Zubair SEC for its enthusiasm to be part of the Intilaaqah IEDP assessment panel and look forward to working together to help Oman's most promising entrepreneurs thrive.'
According to the MoU a framework of collaboration between both parties will aim at training and coaching young entrepreneurs to start their own businesses within the sultanate. Shell will provide training to entrepreneurs through its Intilaaqah Entrepreneur Development Programme (IEDP) and introduce graduates of the programme to Zubair SEC which will provide the graduates with the required business advisory and support services.
Shell will also engage Zubair SEC as a member of the Intilaaqah IEDP Panel for assessing its trainees before graduation. Zubair SEC will closely monitor the graduates to assess progress towards the completion of key results based on quality criteria and methods to be set by Shell Intilaaqah and Zubair SEC.
The Centre will also continuously identify challenges and risks faced by graduates and facilitate solutions and progress mechanisms to be implemented with Shell-Intilaaqah.
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