Muscat – The session focused on how SMEs can play a more significant role in the growth of economic zones, with an emphasis on involving these enterprises in available business opportunities, fostering innovation, and improving the business environment to attract more investment. Additionally, the session aimed to develop policies that support SME growth and encourage entrepreneurs to present fresh ideas that contribute to diversifying the economy.

Key topics discussed during the session included legislation supporting SMEs in economic zones, available financing options, investment opportunities, and the enablers for SME development, including fees and licensing requirements within these zones.

Statistics presented during the session revealed that there are currently 545 SMEs operating in Oman’s special economic zones and free zones, covering a wide range of 192 different business activities.
The dialogue session was attended by H.E. Dr Ali bin Masoud Al Sunaidi, Chairman of the General Authority for Special Economic Zones and Free Zones (OPAZ), and H.E. Halima bint Rashid Al Zar’iah, Chairperson of the Small and Medium Enterprises Development Authority.

Also present were officials from the Industrial Innovation Academy, the Development Bank, and other relevant entities, alongside SME owners operating in the economic zones.