SMEs registered at ASMED increased by 30% to 135,064 at the end of 2023

SMEs registered at ASMED increased by 30% to 135,064 at the end of 2023

Muscat: The Authority for Small and Medium Enterprises Development (ASMED) organised on Sunday a media briefing in which it highlighted 2023 efforts and indicators and touched on strategic approaches for 2024.

In devising its annual plan for 2024, the Authority relied on enhancing the culture of entrepreneurship, continuing to implement programs to accelerate the expansion of enterprises regionally and globally, maximising the benefit of local added value programmes and access to financing with broader and more innovative options, as well as progressing at an accelerated pace to achieve the digital transformation of its systems, programmes and services.

Halima Rashid Al Zari, Chairperson of ASMED affirmed that the authority’s working teams in various governorates of Oman work diligently to meet the aspirations of entrepreneurs in various sectors.

She also touched on the achievement made by Oman in the entrepreneurship index as it ranked in the 11th place out of 49 countries participating in the Global Entrepreneurship Monitor report for 2023/2024, 27 places ahead of its ranking in 2022/2023.

She said that Authority will organise an exhibition in March of every year in governorates of Oman, noting that the exhibition will display products of enterprises.

Al Zari said that the SMEs sector in Oman is witnessing progress