Despite COVID-19, number of SMEs jumps to nearly 45000

Despite COVID-19, number of SMEs jumps to nearly 45000

August 11, 2020 | 9:42 PM

by Times News Service

- Representational file picture

Muscat: Oman saw an 11.4 per cent increase in the number of Small and Medium Enterprises (SMEs) registered in the country, between this year and the previous year, despite the economic impact of the coronavirus.The total number of SMEs registered with the Public Authority for Small and Medium Enterprises Development (Riyada) at the end of June 2020 was 44,448, which is an increase by 11.7 per cent compared to the same period of 2019, according to the data released by the National Centre for Statistics and information (NCSI).Among the governorates, Muscat topped the list with 34 per cent SMEs registered till April 2020, followed by North Al Batinah with 16 per cent, A'Dakhiliyah with 13 per cent, Dhofar with