MUSCAT: Oman has secured the eighth position globally in the Global Entrepreneurship Index 2024, outperforming many advanced economies. This ranking, out of 56 countries, highlights the nation’s robust business environment, innovative policies, and commitment to fostering entrepreneurship. The achievement reflects Oman’s growing competitiveness in the global startup ecosystem, demonstrating its ability to support new businesses and drive economic diversification.
The Global Entrepreneurship Index evaluates countries based on multiple factors, including innovation, business infrastructure, access to funding, and regulatory frameworks. Oman’s strong position is attributed to its business-friendly policies, digital transformation efforts, and government initiatives that encourage small and medium enterprises (SMEs). The nation has been investing heavily in startup incubators, funding programs, and technological advancements to create a supportive environment for entrepreneurs.
In recent years, Oman has implemented several key initiatives to strengthen its entrepreneurial landscape. The National Program for Digital Economy, various investment-friendly reforms, and the promotion of emerging industries such as fintech and green energy have contributed significantly to this success. Additionally, the collaboration between the public and private sectors has played a crucial role in enhancing the ease of doing business and promoting sustainable economic growth.
Oman’s impressive ranking in the Global Entrepreneurship Index signals its potential as a regional hub for innovation and business expansion. By continuing to enhance its entrepreneurial ecosystem, Oman aims to attract more investors, create job opportunities, and drive long-term economic progress. This recognition further reinforces the country’s strategic vision to become a leading center for business and innovation on the global stage.
