Agreement Signed to Provide Package of Incentives and Subsidy Packages to SMEs in Oman

Agreement Signed to Provide Package of Incentives and Subsidy Packages to SMEs in Oman
Agreement Signed to Provide Package of Incentives and Subsidy Packages to SMEs in Oman

Muscat (ONA): The Authority for Small and Medium Enterprises Development signed today an agreement of cooperation with Oman Investment and Finance company – (OIFC) Khedmah.

The agreement will provide a package of incentives and subsidy for small and medium enterprises to press ahead in boosting the national economy.

The agreement was signed by Abdulaziz Said Al Raisi, Vice Chairman of ASMED and Saud Ahmed Al Siyabi, CEO of Operations in Khedmah.

As per the agreement, Khedmah will allocate free-of-charge spaces in its branches, covering electricity an water expenses, for SMEs to display their products and services. It will also provide marking outlets for the beneficiaries by advertising their products on Khedmah’s media platforms.

Khedmah will also work to enhance the SMEs abilities by engaging them in technical and specialized development programmes in financial and administrative fields.

Moreover, ASMED will be responsible for field inspections to supervise the performance of those SMEs and to offer marketing and technical support for entrepreneurs.

Al Raise said that this cooperation realizes the ASMED strategy in enhancing integration and active partnership with the public and private establishments.

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