About SME

Micro, small and medium-sized firms (SMEs) are a key source of employment and economic growth in Sultanate of Oman. But many suffer from low productivity, curbing their role in boosting living standards. There are several ways to spur SME productivity growth over the medium term and Entrepreneur Oman is taking the first route to encourage the formalisation of the SMEs.

The Small and Medium Enterprises (SME) are classified into two:

  • Manufacturing Enterprises-The enterprises engaged in the manufacture or production of goods pertaining to any industry or employing plant and machinery in the process of value addition to the final product having a distinct name or character or use.
  • Service Enterprises:-The enterprises engaged in providing or rendering of services for other business entities or individuals.

The advent of advanced technology is opening newer channels for businesses across several sectors. Working in tandem with the larger goal of pushing for economic growth, SMEs can drive the socio-economic development of the country.

Oman Entrepreneur
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