MEC AND SME DEVELOPMENT FUND SIGN MOU

MUSCAT: Middle East College (MEC) has joined the national efforts to support young Omanis for entrepreneurship by signing a Memorandum of Understanding with SME Development Fund SMEF.

The MoU was signed from the college’s side by Lefeer Muhamed, managing director, MEC and from the SMEF’s side by Raphael Parambi, CEO, SME Development Fund.

They both expressed their hope that this initiative will have a positive impact on the youngsters and the community at large.

The Memorandum of Understanding laid the SME to strengthen, promote and work towards building Middle East College’s capacity to develop and run entrepreneurship programmes on campus for students and new entrepreneurs.

The Al Namaa Club is one of the important elements of the entrepreneurial campus programme and it is dedicated to encouraging, promoting and facilitating entrepreneurial activities among the Omani students in the colleges.

The Al Namaa-Club’s primary activities involve assisting in the establishment of entrepreneurial careers and linking club activities to entrepreneurial networking opportunities on and off campus, encourage the students to learn how to set up and manage professional and commercial activities and develop personally.

The fund will utilise its capital, commercial debt and preferential loans to achieve this objective. It would also utilize grant finance to train entrepreneurs and provide various business support services. The partnership with Middle East College will assist in infusing the spirit of entrepreneurship among students.

The initiative supports Middle East College vision in building national and international qualified candidates who are ready for the labour market

SOURCE: Muscat Daily