International Journal of Entrepreneurship (Print ISSN: 1099-9264; Online ISSN: 1939-4675)

Abstract

An Investigation of Components Deriving Entrepreneurial activities in Duqm City: A Special Economic Zone in Oman

Author(s): Abdel Muniem Abdel Fattah, Hussam Al Halbusi, Khalid Abed Dahleez, Saleh Al Sinawi & Ghdeer Al Wahibi

Generla Idea: The institutional setting of a country influences macroeconomic activity both within and beyond its borders. The prevalence and type of new firms, as well as their finance, are among them. Both formal and informal entities, the level of regulatory backing, and dominant cultural norms all have an impact on new businesses. Aim: In this research, we examined the elements that derived and motivated individuals to start entrepreneurial activities, particularly in In Duqm Zone of Sultanate of Oman; these factors (i.e., the level of legal protection, availability of new business opportunities, human capital, and economic environment). Method: Thus, we collected 305 cases from entrepreneurial who run a business in Duqm Special Economic Zone. Results: Based on the results from Structural Equation Modeling (SEM), Smart-PLS 3.3.3 software. We found that legal protection, human resource, and economic environment were significantly directly affected by entrepreneurial activities. On the other hand, the availability of new business opportunities was insignificant. Thus, research is oriented towards facilitating and improving the entrepreneurial activities of Duqm Special Economic Zone investment in Oman.

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