Economy Oman registers nearly 50% surge in SMEs on support, incentives By Pramod Kumar August 28, 2022, 7:06 AM 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. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
