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Oman News

Entrepreneurs in Oman secure over RO 2.6 million in loans

The Small and Medium Enterprises Development Authority has ramped up support for Dhofar Governorate’s entrepreneurs, approving financing loans between 2022 and 2024, totalling over RO 2.6 million.

TAS News Service

info@thearabianstories.com

Wednesday, September 11, 2024

MUSCAT : As of mid-2024, Dhofar has seen a surge in entrepreneurial activity, with 18,027 businesses registered with SME Development Authority. Out of these, 2,139 entrepreneurs have been awarded the coveted Entrepreneurship Card—a key document that opens doors to government and private sector perks, including training, consultations, and exhibition participation.

Small enterprises dominate the region’s business scene, with 16,000 enterprises leading the charge, followed by 1,662 small and 119 medium enterprises. Al Ghassani emphasized the impact of the Entrepreneurship Card, which gives holders access to exclusive facilities, incentives, and opportunities both locally and internationally.

Beyond financial aid, Dhofar’s entrepreneurs are gaining critical skills through SME Development Authority initiatives. The Entrepreneur Readiness Program has trained 293 participants across the governorate, while 74 entrepreneurs have benefited from consultations on various business aspects, including marketing, legal, and feasibility studies.


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