16 winners announced during the fourth edition of the Entrepreneurship Award

Muscat: Held under the auspices of His Highness Sayyid Taimour bin Asaad bin Tarik al Said, Chairman of the Board of Governors of the Central Bank of Oman, the fourth edition of the Entrepreneurship Award concluded on 23rd November. A total of 16 participants emerged victorious.

The event took place in Kempinski Hotel and was attended by His Excellency Qais bin Mohamed al Yousef, the Minister of Commerce, Industry and Investment Promotion and Chairman of the Board of Directors of Authority of Small and Medium Enterprises Development. Other guests included a number of senior officials from the private and public sectors along with the Award’s nominees. The rest of the invitees witnessed the ceremony through virtual channels.

Khalid bin Abdullah bin Hamed Al Hosni was bestowed with the ‘Best Entrepreneur’ title, followed by Grandma’s Mixes who scooped the ‘Best Home Business’. The ‘Best Micro Business’ was given to Wathiq IT, whereas, the 'Best Small Business’ in the services sector was awarded to Thawani Technologies.  Cloud World Trading (Otaxi) and Tayyar Trading (emushrif) both received the second place of the same award title. 

Oliban received the ‘Best Small Business’ in the industrial sector and the ‘Best Small Business’ in the trading sector went to Omamaty. Mowred Engineering Services bagged the ‘Best Medium Business’ in the service sector and Titronic Middle East Technical Service won the ‘Best Medium Business’ in the industrial sector. Insight Information Security received ‘Best Medium Business’ in the trading sector.

For the second category, titled the ‘Entrepreneurship Supporters Award’, the SME Development Fund (Inma) secured the ‘Best Financial Support’ title, whereas, Haya Water received the ’Best Corporate Support’. The ‘Best Supporting Public Organisation’ went to the Ministry of Labour and Shabab Reyadi initiative from University of Technology and Applied Sciences won the ‘Best Educational Initiative Award’. BP Khazzan Project for SME Development was awarded the ‘Best Development Initiative’.The committee withheld the ‘Best Media Initiative’ award due to the lack of suitable candidates.

During her speech, Her Excellency Halima bint Rashid al-Zer'aiyah, Chairperson of the Authority of Small and Medium Enterprises Development praised the government’s efforts in empowering Omani entrepreneurs to strengthen this vital sector. “This award is aligned with the directives of the late HM Sultan Qaboos bin said - may his soul rest in eternal peace - to enhance the growth of the entrepreneurial community and create a stable business ecosystem for them to excel and innovate.

We will also march forward under the wise leadership of HM Sultan Haitham bin Tarik to further boost the capabilities of Omani entrepreneurs and create a brighter future,’’ she said. The award is organised by the Authority of Small and Medium Enterprises Development in strategic partnership with Oman Telecommunications Company (Omantel) for a second consecutive edition.

The ceremony’s agenda also featured a timeline video of the Award team’s activities, a film on the Award’s journey so far and highlights from the jury phase. A number of inspiring speeches were also delivered. The evening concluded by presenting a token of appreciation to the Guest of Honour and the strategic partner.

Tariq bin Suliman Al Farsi, Chairman of the Entrepreneurship Award Committee said during his speech, “This year’s theme of the Award is ‘Competition and Innovation’ as these attributes represent the development of values and objectives of entrepreneurship locally and globally. It is also gratifying to witness an increase in the amounts dedicated to the Award’s categories and technical support to OMR180,000. 

With 691 contenders this year, we saw a growth of 73.6% in participation when compared to the previous edition. These numbers serve as a testament of entrepreneurs’ determination and interest in this field as well as their willingness to compete.”
The Entrepreneurship Award was established in line with the directives of the late HM Sultan Qaboos bin said - may his soul rest in eternal peace. The objective of the Award is to encourage entrepreneurs and SMEs to productively contribute to an evolving economy, now more than ever.

It also aims to create job opportunities and add to the In-Country Value as well as recognise the importance of this vital sector in forging a diverse national economy.