Oman's SME Development Authority: Over $63.9 Million in Funding to 224 Projects, with Industrial, Commercial, and Service Sectors Leading the Way
Oman's Small and Medium Enterprises Development Authority provided over 24.6 million Omani rials ($63.9 million) in funding to 224 projects as of February.
The top sectors for funded projects were industrial, commercial, and service, with a combined total of 161 projects.
An additional 44 contract projects received financing through the contract financing program, which focuses on financing contracts based on work award letters.
The text describes the distribution of financing for various projects in Oman.
The capital financing program ranked third with 29 projects, focusing on covering operational expenses such as raw materials, salaries, and transportation.
The Muscat governorate provided the most significant funding, financing 108 projects worth over 10 million rials.
Following were Al-Batinah North with 31 projects worth over 3 million rials and Al-Batinah South with 19 projects worth over 1 million rials.
The text describes the funding of a total of 61 projects across four different regions in Oman: Dhofar (19), Al-Sharaqiyah South (15), Al-Dhahirah (18), and Al-Dakhiliyah (13).
The projects were financed through various programs offered by the authority, including the "In-Country Value Program," the "Industrial Projects Financing Program," and the "Working Capital Financing Program."
An additional 44 contract projects received financing through the contract financing program, which focuses on financing contracts based on work award letters.
The text describes the distribution of financing for various projects in Oman.
The capital financing program ranked third with 29 projects, focusing on covering operational expenses such as raw materials, salaries, and transportation.
The Muscat governorate provided the most significant funding, financing 108 projects worth over 10 million rials.
Following were Al-Batinah North with 31 projects worth over 3 million rials and Al-Batinah South with 19 projects worth over 1 million rials.
The text describes the funding of a total of 61 projects across four different regions in Oman: Dhofar (19), Al-Sharaqiyah South (15), Al-Dhahirah (18), and Al-Dakhiliyah (13).
The projects were financed through various programs offered by the authority, including the "In-Country Value Program," the "Industrial Projects Financing Program," and the "Working Capital Financing Program."