The number of small and medium-sized enterprises increased to 73.6 thousand by the end of March

The Small and Medium Enterprise Development Authority has made it clear that the total number of small and medium enterprises registered in its database reached 73 668 enterprises by the end of March 2022, an increase of 43% compared to 51 663 enterprises during the same period in 2021.

The Governor of Muscat was first in the number of small, small and medium enterprises, with 25,212 enterprises, followed by the Northern Al Batinah Governorate with a total of 11,267 enterprises, while Al Dakhiliyah Governorate came in third with 8 410 enterprises, while the Dhofar Governor reached 6 thousand and 912 institutions.

The number of institutions in the Governor of South Al Batinah reached 5 thousand and 571 institutions, while the total number of institutions in the Governor of North Al Sharqiyah reached 5 thousand and 105 institutions. As for the Governor of South Al Sharqiyah, the number of registered institutions reached 4 407 institutions, and in the Governor Al Dhahirah the total amounted to 3 724 institutions. The number in Al Buraimi governor reached 1 492 institutions, in Al Wusta governor 1 103 institutions, and the number of small and medium enterprises in Musandam governor reached 465. Emphasizes that the highest sectors in which small and medium-sized enterprises registered with the government operate focus on the wholesale and retail sector and the repair of motor vehicles and motorcycles, followed by the construction sector and then the manufacturing sector.

Registered professionals

The authority indicated that the total number of craftsmen registered with the authority reached 23 383 craftsmen by the end of last March, including 7 502 craftsmen in the cotton weaving industry, 5 327 craftsmen in the wool weaving industry, 4 045 craftsmen in the incense and cosmetics industry , 3 One thousand and 11 artisans in the manufacture of palm leaves, thousand and 227 artisans in the pottery and ceramics industry, 745 artisans in the leather industry, 426 artisans in the manufacture of fishing tools, 361 artisans in the wood industry, 293 artisans4 in silverware, in the flower and herb distillation industry, and 119 artisans in the copper and metal industry, 78 artisans in the manufacture of bone derivatives, 46 artisans in the stone and plaster industry, and 19 artisans in the manufacture of musical instruments. She explained that the largest number of registered craftsmen in the Sultanate of Oman are concentrated in the Governor of Dhofar, North Al Sharqiyah and North Al Batinah.

Note that the Small and Medium Enterprise Development Authority recently issued the regulations to support craft industries, during which it identified the most important conditions for support for the individual and institutions, the obligations, and a set of reasons that could lead to the cancellation. of the support. The handicraft industry supplement included the subsidy, attached to the regulation, about 20 types of handicraft industries, which are: the making of handicraft products by distilling flowers and herbs, the making of handicraft products for the production of water and incense oil, the making and processing of incense, making handicrafts for cosmetics and perfumes, and making handicrafts from materials or woolen handicrafts made from leather, leaves and wood, handicrafts made from pottery and porcelain, stone and plaster products, and handicrafts from bones.

It also includes the retail sales in specialized pottery and handicraft stores, manufacturing of silver, copper, metal and aluminum handicrafts, retail sales in specialized stores for silverware and gifts, making of Omani daggers, including retail sales in specialized stores of Omani daggers, manufacturing of handicrafts for traditional fishing gear, and retail in handicraft shops.

The Authority will, in accordance with the regulation of supporting craft industries, provide for the development and development of these industries, and it may also support craft industries under the supervision of NGOs. A committee is formed in the government to decide on requests for support.

The regulation specified the conditions and procedures for support for the individual, namely that the craftsman must be Omani, be registered in the authority’s database, have a license from the competent authorities to practice the craft industry, and have joined specialized vocational training programs approved by the government and successfully completed or available the course He has the practical experience valued by the Government.It is also required that he manages and supervises the craft industry subject of the grant, and no subsidies have previously been granted during the two years preceding the submission. of the application, and that he has a specific place to practice the craft industry subject to the support.

In order to receive support from the craft institution, it is required that the craft activity be added to the trade register of the business, that it be registered in the government’s database, that no subsidies be previously granted during the two years preceding the institution. . submission of the application, and that it has a specific site for the practice of the craft industry concerned.

Entrepreneurship card

The government said: The total number of small and medium-sized businesses that have an entrepreneurship card reached 35,606 by the end of last March, including 10,374 businesses in the wholesale and retail sector and the repair of motor vehicles and motorcycles, and 9,549 card- holders in the construction sector The number of enterprises in the manufacturing sector is 7 777, and there are 1 933 enterprises in the administrative and support services activity sector, and 1 730 card holders in other service activities, and their number in the accommodation and food services activities sector has 1 390 reached, and 1 730 in the transport sector and storage.

The cardholder can acquire a different number of facilities and get preference in awarding tenders and purchases, and one of the card’s goals is to support entrepreneurs to promote their own projects, helping them face the problems they face. stare over, propose and apply appropriate solutions to overcome them, and develop small and medium enterprises that will improve the process of economic development. .

financing programs

The government has indicated that it has launched 7 funding programs this year, targeting 500 projects for small and medium business owners who want to establish or expand their projects.

She said: The “In-Country Value” program targets 10 small and medium-sized projects, and specializes in financing various business opportunities through partnership projects with private sector institutions and companies, and helps enable small and medium-sized enterprises to to grow and develop, and to locate industries or services in these institutions, by creating business opportunities for small and medium enterprises to provide services and goods related to production inputs, and the funding ceiling for projects reaches 250 000 riyal. And the “Financing of Industrial Projects and Commercial Franchise Projects”, which targets 20 projects, and is concerned with the financing of industrial projects such as manufacturing industries and other light and heavy industries, and to enable entrepreneurs to benefit from the package of incentives and enablers provided by the authority in cooperation with the authorities managing industrial zones, as well as financing programs Commercial concessions, and the financing ceiling for the projects reaches 250 thousand riyals.

She added: The “working capital financing” program focuses on 100 projects, and specializes in working capital financing to cover the daily needs of the organization’s working expenses, such as the cost of purchasing raw materials, semi-finished goods or goods, shops and spare parts, salaries and wages, transportation expenses and other costs.To maintain the continuity of the production process from the purchase of raw materials to the sale of production, the financing ceiling for the projects is up to 20 thousand riyal. And the “Finance of Incubated Companies and Business Accelerators” program, aimed at 30 projects, and specializes in financing projects registered under the pre-incubation, incubation or business accelerator stage, to transfer and establish them on the ground to facilitate. funding ceiling for projects reaches 25 thousand riyals.

The government has indicated that the “Startup Financing” program targets 40 projects, specializing in the financing of technical and digital projects for young talents who have the ability to develop or import technologies that provide services to the sectors provided by the Sultanate of Oman’s development plans and programs are targeted. , and the funding ceiling for projects is 20,000 riyal. And the “Financing of craft products, individual projects, entrepreneurship and mobile cars” program, which targets 250 projects, and specializes in the financing of craft professions, individual business owners, self-employment, public service projects and mobile projects, according to the regulations of the licensed authorities. And the “Guarantee” program, which targeted 50 projects and was designed to be a guarantor for small and medium-sized businesses that did not have sufficient guarantees to obtain loans through commercial banks.

The government is also preparing a study on the guarantee program for small and medium-sized enterprises, through which the programs that accompany this study will be launched. How much does the Investment Department in Government undertake to implement the “Introductory Financing and Investment Platform” project, the platform represented to highlight the financing agencies in one platform so that entrepreneurs can easily obtain information on financial facilities.

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