Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

90 decisions of the Bahla SME symposium implemented PADSME  Join our daily free Newsletter

MENAFN - Muscat Daily - 28/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) The third seminar on following up on the implementation of the decisions of the SME Development Symposium, which was held at Seih Al Shamikhat in the wilayat of Bahla in January 2013, was held at the Al Bustan Palace Hotel on Thursday under the auspices of H E Dr Ali bin Masoud al Sunaidy, Minister of Commerce and Industry.

Speaking to reporters on the sidelines of the seminar, Khalifa bin Said al Abri, acting CEO of the Public Authority for the Development of Small and Medium Enterprises (PADSME), said that almost 90 per cent of the decisions which were taken during the Bahla SME Symposium have been implemented.

Abri also delivered a speech pointing out that the Ministry of Housing has allocated land plots in different parts of the sultanate, either for building business centres or land plots with usufruct agreements for entrepreneurs and owners of SMEs. ''In collaboration with a number of public organisations, not less than 10 per cent of the public purchases and tenders were allocated for the SMEs.''

During the seminar, a number of agreements and MoUs were signed for the loan guarantee program. An agreement was also signed between PADSME and the National Business Center for managing the incubators that will be established by the Authority in different parts of the sultanate. A third agreement for consultancy services was also signed.

The seminar also witnessed the launch of the mobile branch for PADSME and the Al Rafd Fund, which will render services and information related to starting business. ''This mobile branch will reach out to the areas that are far away from the head office of the Authority and Al Rafd Fund, so there is no need to ask SMEs to come to Muscat to get our services. We are also going to announce an SME card soon. These cards will be granted to SMEs so they can benefit from certain facilities from the government authorities and also from the private sector,'' Abri said.

The seminar included a presentation on the Entrepreneurship Award, which comes in response to the Royal Directives of His Majesty Sultan Qaboos Bin Said. The bi-annual award, which aims at promoting entrepreneurship culture and enhancing the performance and competitiveness of the small and very small enterprises, will be launched on July 9, 2014.

Abri said that financing or funding is no longer a big issue in Oman for SMEs. ''We have the Al Rafd Fund and a loan-guarantee program which is going to be expanded with seven more banks. Lots of SMEs will benefit from this.''

He added that the contribution of the SME sector to the GDP is currently 15-16 per cent. ''In our database we have over 6,000 SMEs registered with the Authority and the number is rising everyday. There are over 100,000 SMEs in the country,'' Abri ad

 


Muscat Daily




  MENA News Headlines
 May 6 2015 - HE the Chief of Staff Meets French CommanderQatar News Agency
(MENAFN - QNA) HE the Chief of Staff of the Qatari Armed Forces Major General (Pilot) Ghanim bin Shaheen Al Ghanim met Wednesday with Chief of Staff of the visiting French Army General Jean-Pierre ...

 May 6 2015 - Croatian Deputy Prime Minister Meets Qatari AmbassadorQatar News Agency
(MENAFN - QNA) Deputy Prime Minister and Minister of the Interior of the Republic of Croatia, Ranko Ostojic, met here on Wednesday with Qatar's Ambassador to the Republic of Croatia, HE Sheikha Moza ...

 May 6 2015 - Pakistani Army Chief of General Staff Meets Qatar's AmbassadorQatar News Agency
(MENAFN - QNA) Pakistan Army Chief of General Staff Rashid Mahmood met here today with HE Qatar's Ambassador to Pakistan Saqr bin Mubarak Muhammad Saqr Al Mansouri. Talks during the meeting focused ...

 May 6 2015 - Advisory Council's Services Committee MeetsQatar News Agency
(MENAFN - QNA) The Advisory Council's Services and Public Facilities committee on Wednesday held its first meeting during the council's 43rd regular session under the chairmanship of its rapporteur ...

 May 6 2015 - Municipality Minister Meets Tunisian Environment MinisterQatar News Agency
(MENAFN - QNA) HE Minister of Municipality and Urban Planning Sheikh Abdul Rahman bin Khalifa Al-Thani on Wednesday met at his office with Tunisian Minister of Environment and Sustainable ...

 May 6 2015 - HE State Defense Minister Holds Meetings in TurkeyQatar News Agency
(MENAFN - QNA) HE Minister of State for Defense Affairs Major-General Hamad bin Ali Al Attiyah met Wednesday with Turkish Minister of Defense Ismet Yilmaz on the sidelines of the International ...

 May 6 2015 - Minister of Justice Meets Heads of GCC DelegationsQatar News Agency
(MENAFN - QNA) HE the Minister of Justice Dr. Hassan bin Lahdan Al Mohannadi met here on Wednesday with the heads of delegations participating in the first meeting of GCC officials for family ...

 May 6 2015 - Dubai's Jumeirah Group logs 5.2 percent revenue growth in 2014MENAFN
(MENAFN) Jumeirah Group, the Dubai-based hotel developer, recorded a revenue growth of 5.2 percent for 2014, marking a decline from the 8 percent reported a year ago, Arabian Business ...

 May 6 2015 - Two dead, 8 injured in Azraq - JordanJordan News Agency
(MENAFN - Jordan News Agency) Two citizens were killed and eight injured when two cars collided in Azraq town, north-east the Kingdom, Civil Defense Directorate said.Rescue teams in Zarqa governorate ...

 May 6 2015 - Israel test launches missile propulsion systemJordan News Agency
(MENAFN - Jordan News Agency) Israel tested a ballistic propulsion system for a satellite delivery Tuesday morning.A statement by the Defense Ministry said that the launch, conducted over central ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help