Entrepreneurship Development in Oman: A Model for Small Business Creation and Success

Oman has an ancient history and old commercial traditions that date back centuries. This country is now dependant on the export of its crude oil, but the oil reserves are expected to be depleted by the year 2020. Thus, it is important that Omanis become more proficient in identifying opportunities and turning them into practical realities. Entrepreneurship is about bringing about change and without change Oman cannot continue to maintain high standards of living. Although the natural gas reserves and the tourism potential of the nation will continue to provide opportunities for economic growth, it is important that the potential of the beautiful coastal areas of the country be exploited in a sustainable manner. This write-up presents a discussion about entrepreneurship development in Oman.