Riyada Approves OMR 45.4 Million to Finance 521 SME Projects in Oman

Oman Boosts SMEs with OMR 45.4 Million Financing Across 521 Projects

Muscat: The Small and Medium Enterprises Development Authority “Riyada” announced that it approved financing for 521 projects through its loan portfolio by the end of December 2025, with a total value of OMR 45.4 million.

The Authority stated that 25 loans were repaid during the same period, while the funded projects contributed to providing 2,002 job opportunities across various sectors.

Riyada launched 10 financing programs targeting different economic activities, including local added value, industrial and service projects, working capital, incubated enterprises and business accelerators, handicrafts, home-based and productive businesses, street vendors, mobile commercial activities, and other sectors. The programs also include contract financing, financing linked to opportunities from Oman Investment Authority companies, emergency financing, export financing, and projects in Khazaen Economic City.

The Authority affirmed its commitment to strengthening cooperation with financing entities in the Sultanate of Oman, including commercial banks, the Oman Future Fund, and government funds, through initiatives and partnerships aimed at expanding financing solutions available to entrepreneurs.

As part of its follow-up efforts, Riyada conducted 1,471 field visits to funded projects to assess progress and identify the needs of entrepreneurs, supporting business growth and expansion.

The Authority continues to provide financial, technical, training, and advisory support to small and medium enterprises, with the aim of enhancing their sustainability and expanding their presence in local and regional markets.