A’Sharqiyah University Scored Second Position in
OCCI Economic Studies Award for 2016
A’Sharqiyah University in Ibra was awarded second position in Economic Researches and Studies Award organized by Oman Chamber of Commerce and Industry (OCCI) out of forty studies submitted by HEIs and Technical Colleges across the Sultanate. The objective of the OCCI awards was to support economic research for creating solutions and suggestions for various challenges faced by the private sector and the Omani economy in general.
Said bin Saleh al Kiyumi, Chairman of OCCI, awarded the shield and cash awards to the team of ASU headed by Prof. Nabil Sultan, Dean of the College of Business Administration (COBA). The research team from A’Sharqiyah University included the graduate students Mr. Said Abdullah Hamood Al Harthy and Mr. Said ‘Amur Salim Al Shibli who were supervised by COBA’s Assistant Professor Dr. Iffat Sabir. The Dean of COBA (Professor Sultan) said this is a major achievement for A’Sharqiyah University and COBA and praised the efforts of the winners.
The ASU study investigated the opportunities and challenges faced by the family-based entrepreneurial firms in North-Sharqiyah region of Oman. The study revealed that governmental initiatives such as funding start-ups and offering trainings to the entrepreneurs proved beneficial for the family-based entrepreneurial initiatives in the region. On the other hand, the study also revealed that expensive raw material, high-operational costs, tough market competition and long registration processes remained the major obstacles faced by them amongst several others. The study findings have implications for the relevant authorities and the governmental bodies which are engaged in the development of entrepreneurship and family-based enterprises in the North A’Sharqiyah governorate of Oman.