Oman`s Digital Cooperation Organisation (DCO) has recently unveiled the Startup Country Guide 2024. The DCO is the Sultanate`s premier international body dedicated to fostering a sustainable digital economy. In addition, the comprehensive manual is designed to assist entrepreneurs in navigating Oman’s vibrant startup ecosystem.
Guide Provides Detailed Overview Of Oman`s Business Enviroment
The guide offers a detailed overview of Oman’s legal frameworks, tax structures, government incentives and emerging sector opportunities. Furthermore, it provides invaluable insights for businesses looking to establish themselves in the region. Moreover, it emphasises Oman’s commitment to economic diversification and its ongoing shift towards a knowledge-based economy, moving away from a reliance on oil and gas.
Central to this transformation is Oman Vision 2040, which outlines the nation’s roadmap to create a diversified and resilient economy. Key initiatives include the Oman Future Fund and the National Initiative for Artificial Intelligence (AI). Accordingly supported by substantial budget allocations, these initiatives are paving the way for significant advancements in economic diversification. The government’s Rising Omani Startups programme is fostering innovation by providing support for startup formation, business connections and investment opportunities. In addition to showcasing promising sectors, the guide also highlights important government backed programmes aimed at supporting entrepreneurs throughout their journey. Through partnerships with organisations including Omantel Labs and ITHCA Group, Oman offers essential resources in areas including fintech, 5G and the Internet of Things. Moreover, the Oman Technology Fund’s (OTF) Techween pre-seed programme provides funding, collaborative workspaces and mentorship to early-stage startups.
Oman Strengthening Its Position As A Regional Hub For Innovation
Importantly, Oman is offering these tailored resources and initiatives which is strengthening its position as a hub for regional innovation. Subsequently the Sultanate is establishing itself as a thriving, forward-thinking destination for startups and entrepreneurs looking to capitalise on a dynamic digital economy.
Business Interests In Oman? Contact Soutien For All Your Requirements!
Soutien Group is part of a network of consultants, partners and investors. Our clients are corporate, private and international with an interest in exploring new markets. We offer expertise in Market Research and Assessment Oman, Oman Business Case, Oman Business Model Development. Feasibility Study and Business Plan Oman, Organizational and Operational Structuring Oman, Oman Sponsorship and Partnership, Company Formation Oman among others.
Please click on the link to learn more about the opportunities and possibilities in the Sultanate of Oman as well as the initiatives of Soutien Group.
