Economics
  • ISSN: 2155-7950
  • Journal of Business and Economics

Entrepreneurship Ecosystem in Oman: Current and Potential Factors that Promoting Entrepreneurial Culture: A Literature Review*


Adil Hassan Bakheet Khalid
(Faculty of Business, Sohar University, Sohar, Sultanate of Oman)


Abstract: In the Arabian Gulf; the neighboring countries to Oman have benefited from providing rewarding entrepreneurship ecosystems that encourage new initiatives and start-ups. During 2020; three Gulf Cooperation Council States; the Kingdom of Saudi Arabia (KSA), United Arab Emirates (UAE), and Qatar; have appeared in the top ten according to the Global Entrepreneurship Monitor (GEM) Index, while Oman was placed 13th in the same index. Many advancements can be made to secure a higher level of Oman in the future. This paper is part of an ongoing study of the entrepreneurship ecosystem in Oman. It will try to review the available literature on EE frameworks and models to propose and evaluate a customized model for Oman. This will help in building a solid background for the expected study and agree on a framework that can be used for it. The study aims to investigate the entrepreneurial ecosystem in Oman to see to what extent it can be improved to encourage new start-ups and ventures.

Key words: entrepreneurship ecosystem, start-ups, new venture, entrepreneurial culture

        JEL codes: M130



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