English abstract
Government funding is considered an essential pillar in the success of entrepreneurial projects, as these projects need the necessary financial support to be launched and developed in line with local and global market changes. Therefore, the current study aimed to identify the role of government funding in the success of entrepreneurial projects in the Wilayat of Ibra in the Sultanate of Oman. The study used a descriptive-analytical approach and relied on the questionnaire as its data collection tool. The study’s sample consisted of 33 entrepreneurs in the Wilayat of Ibra who financed their entrepreneurial projects through government support.
The study concluded with several results, including the absence of a statistically significant relationship between the amount of government funding and the success of entrepreneurial projects and the absence of a statistically significant relationship between government financial support mechanisms and the success of the funded projects.
The study ended up with several recommendations. For instance, the government of the Sultanate of Oman should diversify sources to fund entrepreneurial projects in the Sultanate of Oman. Also, the government should grant repayment periods for financing loans, and the owners of funded projects should develop plans to ensure appropriate mechanisms that contribute to the growth of the number of clients, which contribute to the success of the pilot projects.
