Skip to content Skip to Search
Skip navigation

Oman registers nearly 50% surge in SMEs on support, incentives

By Pramod Kumar
Creative Commons
he number of SMEs in the first seven months of the current year increased to 16,800 against 6,822 during the same period in 2021.

The number of small and medium-sized enterprises (SMEs) rose by 46.8 percent to reach 81,460 at the end of July 2022 year-on-year, the Times of Oman reported, citing the National Centre for Statistics and Information’s data.

The current year has seen an increase in the registration of SMEs with the Authority for Small and Medium Enterprises Development due to the benefits and facilities offered by government departments and major companies in the private sector.

The number of SMEs in the first seven months of the current year increased to 16,800 against 6,822 during the same period in 2021 and from 2,396 registered in 2020.

The number of SMEs in Muscat region reached 27,400, representing 33.6 percent of the total registered.   

Latest articles

The SPA report highlighted a number of metrics as being on target, including home ownership of 53.7 percent

Third of Vision 2030 projects ‘completed’ government says

One third of 1,064 planned projects have been completed so far under the Vision 2030 economic transformation plan, the Saudi government said in its annual progress report on the reform programme.   The report also said 561 initiatives were on track, according to the state-owned Saudi Press Agency, publishing its major findings. It was not […]

Tawfik Alzaidi

Saudi director’s labour of love takes the kingdom to Cannes

For the first time a Saudi film has been selected to compete in the Cannes film festival, catapulting its little-known self-taught director into the limelight. Tawfik Alzaidi was so surprised that he’d managed to break through to the big time that he kept the news that his film Norah had been accepted for the ‘Un […]

Joby Aviation's CEO JoeBen Bevirt (2nd left) at the signing of a multilateral agreement with the three Abu Dhabi government departments

Abu Dhabi signs multiple deals to launch air taxi services in 2025

A commute from Abu Dhabi to Dubai could take only 30 minutes next year, with the introduction of air taxi services significantly slashing travel time between the emirates. The electric aircraft manufacturer Joby Aviation signed agreements this week with Abu Dhabi’s Department of Municipalities and Transport, Department of Economic Development and Department of Culture and […]

Traffic on Fourth Street, Abu Dhabi. The Yahsat and Bayanat merger could help bring self-driving cars to the emirate

UAE merger creates world’s most valuable listed space company

The world’s most valuable publicly listed space company has been created after shareholders of analytics provider Bayanat and “satellite solutions” company Al Yah Satellite Communications Company (Yahsat) agreed to a merger. The deal will help to further Abu Dhabi’s ambitions to be at the centre of the drive towards autonomous vehicles. The newly created Space42 […]