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Oman mulls giving 10 per cent of govt projects to SMEs.

Trial begins of SME loan-guarantee programme. National Business Centre expected to open in April Oman's Ministry of Commerce and Industry (MoCI) has begun a trial run of its SME loan-guarantee programme. Meanwhile, it said the National Business Centre was expected to open in April.

Sheikh Sa'ad bin Mohammed al-Mardhouf al-Sa'adi, Commerce and Industry Minister told the Government ONA news agency that the center, which was established recently, aims at training entrepreneurs to manage their projects efficiently; pointing out that the Commerce and Industry Ministry has taken a number of procedures to provide the finance assistance for these enterprises, as well as providing the concessional finance and loan guarantees for them.

"The MoCI programme, which was launched on 31 October last year, will initially give out loan guarantees to 50 small and medium companies during the trial period," said a report in the Muscat Daily newspaper.

The Ministry is apparently mulling a proposal to give 10 per cent of Government projects to SMEs.

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Publication:CPI Financial
Date:Feb 14, 2012
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