Quotes: US 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
 Sep 30 2014 - No Haj without permit: Checkpoints net 98000Arab News
(MENAFN - Arab News) Security forces have barred 98000 people from entering Makkah because they did not have Haj permits the Interior Ministry said in a statement on Monday. The authorities did not ...

 Sep 30 2014 - Turkey tanks face IS at Syria borderArab News
(MENAFN - Arab News) MURSITPINAR Turkey: Turkey on Monday deployed tanks and armored vehicles to reinforce its border with Syria amid escalating Islamic State violence as Parliament is set to ...

 Sep 30 2014 - Price control to end pilgrim abuseArab News
(MENAFN - Arab News) The Ministry of Haj plans to fix the prices of Haj services offered by companies in an attempt to prevent the exploitation of pilgrims by unscrupulous operators.Hussein Al-Sharif ...

 Sep 30 2014 - KSA to host 1.4m Hajis from abroadArab News
(MENAFN - Arab News) More than 1.4 million foreign pilgrims are expected to perform Haj this year said Haj Minister Bandar Hajjar. 'About 1.36 million pilgrims already arrived from different ...

 Sep 30 2014 - Misconceptions about IslamArab News
(MENAFN - Arab News) This is with reference to the report 'Be modern but don't shun Islamic values: King' (Sept. 29). Everybody should read Custodian of the Two Holy Mosques King Abdullah's speech ...

 Sep 30 2014 - Toppling Assad regimeArab News
(MENAFN - Arab News) Beyond a shadow of doubt the atrocities committed by the regime of Bashar Assad paved the way for the militants belonging to the so-called Islamic State to take roots in Syria. ...

 Sep 30 2014 - Power of social mediaArab News
(MENAFN - Arab News) This is with reference to the article 'Shift in US public discourse on ME' (Sept. 29) by Jamal Doumani. It is very true that with the advent of social media things have started ...

 Sep 30 2014 - Wedding good news amid ME turmoilArab Times
(MENAFN - Arab Times) VENICE Sept 29 (AFP): Newlyweds George Clooney and Amal Alamuddin are on Monday due to wrap up a whirlwind wedding weekend in Venice by holding a civil ceremony to seal their ...

 Sep 30 2014 - Kuwait's non-oil growth to accelerate to 3.52 in 2014Arab Times
(MENAFN - Arab Times) KUWAIT CITY Sept 29 (KUNA): Kuwait's economic activity has picked up further in 2014 according to the preliminary findings of the IMF mission who concluded a visit to Kuwait on ...

 Sep 30 2014 - GCC economy expected to grow faster in 2015MENAFN
(MENAFN) The economy of the GCC members is likely to grow in a slightly faster pace in 2015, due to strong private business activity and despite further falls in oil prices, The Peninsula Qatar ...

more...


 






Google

Click to Apply

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help