Muscat – The Authority for Small and Medium Enterprises Development (ASMED), in cooperation with Royal Oman Police (ROP), launched an electronic information system on Thursday.
On the occasion, Halima bint Rashid al Zaria, Chairperson of ASMED, said, “The system is being implemented for the first time in the sultanate to empower entrepreneurs, owners of SMEs and investors. It provides information on companies and establishments, their location and activities, population information and economic activities.”
According to Halima, the e-information system will identify projects with “promising opportunities in various governorates and residential communities” and is equipped to provide a host of information on public and private sector institutions and establishments.
She informed that the system will be available for use in two weeks and that its link will be made available on social media platforms and other media channels.
SMEs have stood out in the last few years as the key driver behind economic development in the sultanate with the sector contributing about 25 per cent or RO8bn to the GDP, according to ASMED.
The total number of SMEs registered in the country until September 2022 was 210,877, while the number of SMEs registered with the authority until December 2022 was 104,141.