For its member firm
Times News Service MUSCAT: A procurement agreement has been signed under the direct supervision of Zubair Small Enterprises Centre (Zubair SEC) between Victoria Lake Trading, one of the centre’s members, and Zubair International Heavy Equipment.
The facility provided by the Zubair SEC for its members is in line with its policy to support entrepreneurs and small business owners and aligns with the agreement signed between the centre and Initlaaqah programme earlier to join hands in providing support to entrepreneurs and small business owners.
Mansoor Al Mahruqi, owner of Victoria Lake, member of Zubair SEC and Initlaaqah programme, singed the procurement agreement between Victoria Lake and Zubair International Heavy Equipment, one of Zubair Corporation companies in the presence of executives from both companies as well as the Zubair Corporation and Zubair SEC.
The procurement agreement provides a range of facilities offered by Zubair International Heavy Equipment to Victoria Lake. One of most outstanding facilities is the extension of the credit period, which gives Victoria Lake a broader opportunity in the market to secure better commercial operations. This facility will also ease the pressure endured by small entrepreneurs related to the short duration of the credit period usually given.
Ali Shaker,Zubair SEC adviser, said, “One of the most significant pillars of Zubair SEC is to open genuine partnerships that provide added value to the owners of small businesses and enhance their presence in the market. The main role of the centre here was to facilitate the signing of the agreement between Victoria Lake and International Heavy Equipment.”
Preferential prices
“This agreement provides a number of facilities, some of which are providing competitive preferential prices and extending the credit period to correspond with the financial capabilities of the company, for the fact that the owner of Victoria Lake is a member of Zubair SEC and such collaboration between the centre’s members and the Zubair Group of companies aligns with the collective efforts to help those members succeed,” He added.
Additionally, Victoria Lake has been receiving technical and professional counseling based on the wide expertise and experience of Zubair International Heavy Equipment, he added.
Mansoor Al Mahruqi, owner of Victoria Lake, stated, “The agreement with International Heavy Equipment Company provides me with a wonderful opportunity to prove my presence in the market and to engage in greater commercial operations compared to the previous operations. This will strengthen my opportunities in the market.”