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
 Oct 7 2015 - Major Omani firms set to log net earnings drop in 9MMENAFN
(MENAFN) Major Omani firms are predicted to post a drop in their net earnings, however, revenues will grow slightly for the first three quarter of this year compared to a year earlier.Net earnings of ...

 Oct 7 2015 - Four Emirati servicemen killed in suicide bombings in YemenThe Arabian Post
(MENAFN - The Arabian Post) The four Emirati soldiers killed in Yemen on Tuesday have been brought home to full ceremony.The General Command of the Armed Forces announced that the soldiers died in ...

 Oct 7 2015 - International aid to Syrians 'utterly inadequate': OxfamJordan News Agency
(MENAFN - Jordan News Agency) Global efforts to help Syrians both inside and outside their war-torn country have proved "utterly inadequate", international aid group Oxfam Wednesday said in a newly ...

 Oct 7 2015 - Israeli forces arrest 40 Palestinians in West BankJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation forces on Wednesday arrested 40 Palestinians from various parts of the occupied West Bank including Jerusalem, according to a statement by the ...

 Oct 7 2015 - Jeddah's hotel revenues report weak results in AugustMENAFN
(MENAFN) Four and five star hotels in Dubai reported weakening performance levels in August, with revenue per available room (RevPAR) declining 10.1 percent to USD147.45 for the month. Due to a ...

 Oct 7 2015 - Jewish settlers storm Al Aqsa MosqueJordan News Agency
(MENAFN - Jordan News Agency) Groups of Jewish settlers continued to storm Al Aqsa Mosque on Wednesday via Bab Al Magharbeh Gate under the protection of Israeli army and police.The Islamic Awqaf ...

 Oct 7 2015 - Canada rejects assaulting Muslim women wearing niqabJordan News Agency
(MENAFN - Jordan News Agency) Canada's Prime Minister Stephen Harper Wednesday stressed that his government rejected the latest attacks on Muslim women in Canada because of wearing the niqab.The ...

 Oct 7 2015 - Two Palestinians injured by Israeli forces in BethlehemJordan News Agency
(MENAFN - Jordan News Agency) A Palestinian young man on Wednesday, was injured during violent clashes with Israeli occupation forces and settlers east of the West Bank city of Bethlehem.The ...

 Oct 7 2015 - MWL Secretary General Meets Sudanese Minister of Guidance and EndowmentsQatar News Agency
(MENAFN - Qatar News Agency) Secretary General of the Muslim World League (MWL) Dr. Abdullah bin Abdulmohsen Al-Turki met here today with Sudan's Minister of Guidance and Endowments, Al-Fatih Taj ...

 Oct 7 2015 - Tunisian President Meets Members of Arab Parliament BureauQatar News Agency
(MENAFN - Qatar News Agency) Tunisian president Beji Caid Essebsi met here today with members of Arab Parliament Bureau, who are visiting Tunisia to take part in the fourth session of the Arab ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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