Sohar International has signed a series of MoUs to establish a unified national cooperation framework supporting the creation of the Consumer Cooperative Society—an integrated pathway that guides Omani youth, freelancers, and early‑stage ventures from ideation to incubation, financing, scaling, and eventual listing on the Muscat Stock Exchange. By aligning public and private sector partners under one structured model, the initiative reduces fragmentation and ensures entrepreneurs receive consistent support at every stage.

CEO Abdulwahid Mohammed Al Murshidi said the framework reflects Sohar International’s commitment to building a credible, system‑level pathway that connects financing, regulation, skills development, and market access, enabling young entrepreneurs to progress from early ideas to commercially viable, investment‑ready enterprises.

The agreements were signed with key national institutions, including the Ministry of Labour, the Strategic and Defence Studies Academy, the Oman Chamber of Commerce and Industry, Oman LNG Development Foundation, and Petroleum Development Oman.

The Consumer Cooperative Society model provides mentorship, technical enablement, tailored financing, and market‑readiness support, helping formalise economic activity, create jobs, and strengthen SME and freelance contributions to non‑oil GDP—advancing Oman Vision 2040.

The cooperation framework integrates capabilities across the entrepreneurial value chain, including a new entrepreneurship centre with UTAS and HKUST, support for the “Estidamat Mu’asasati” platform, 14 insurance solutions for freelancers and SMEs, pre‑listing programmes with the Muscat Stock Exchange, and financing frameworks for startups and SMEs.

Sohar International continues to position itself as a catalyst for national economic progress, driving innovation and building the foundations of a dynamic, future‑ready entrepreneurial ecosystem.

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