Nama boosts SMEs with RO40mn contracts

Nama boosts SMEs with RO40mn contracts

Nama Water Services has significantly contributed to the growth of small and medium enterprises (SMEs) by allocating over RO40mn worth of contracts to SMEs in 2023, a senior official saidMuscat – Nama Water Services has significantly contributed to the growth of small and medium enterprises (SMEs) by allocating over RO40mn worth of contracts to SMEs in 2023, a senior official said.

The initiative is part of a broader effort to support SMEs through various programmes, notably the In-Country Value Programme, aimed at creating jobs, enhancing skills, reducing import dependence, and fostering the development of SMEs.

Dr Barakat bin Amin al Busaidi, Senior Director of Supply Chain Management at Nama Water Services, detailed the company’s efforts, while informing that the company “surpassed the milestone of RO40mn in contracts and purchases designated for SMEs in 2023”.

Dr Barakat bin Amin al Busaidi

A key aspect of this support, Nama Water stated, includes awarding tenders and purchase orders to SMEs and ensuring that a portion of work on major projects is subcontracted to them.

Additionally, the company also holds training programmes for the SMEs to help them develop the skills needed for professionally preparing and submitting tenders. Busaidi pointed out that in continuing with its mission, Nama Water