SME Registrations in Oman Show Robust Annual Growth in April 2021 as Government Support Continues 

According to data released by Oman’s National Centre for Statistics and Information (NCSI), the total number of Small and Medium Enterprises (SMEs) registered in Oman’s Authority for Small and Medium Enterprises Development (Riyada) till the end of April 2021 was recorded at 52,524. This reflected 19% year-on-year (YoY) growth, compared to total SME registrations of 44,139 in April 2020.

Why it Matters?

This is the highest recorded monthly YoY growth for 2021. Emphasising the importance of SMEs within the Omani economy, the Government of Oman continues to introduce incentives to attract further SMEs into the sector in addition to implementing measures and initiatives to ensure that existing players are able to mitigate the effects of COVID...