MUSCAT: The Small and Medium Enterprises Development Authority (Riyada) reported that 521 financing applications were approved from its loan portfolio by the end of December 2025, with a total value of RO 45.4 million, while 25 loans were repaid, supporting the creation of 2,002 jobs across various projects.
The Authority launched 10 financing programmes covering a broad range of sectors and needs. These include the In-Country Value (ICV) programme, financing for industrial and service projects, working capital support, funding for incubated businesses and accelerators, as well as programmes targeting handicrafts, home-based businesses, productive enterprises, street vendors and mobile commercial activities. Additional schemes include contract financing, support linked to companies under the Oman Investment Authority, emergency financing for SMEs, export financing and funding for projects in Khazaen Economic City.
Riyada has also strengthened integration with financing entities across the Sultanate of Oman, including commercial banks, the Oman Future Fund and government funds, through partnerships aimed at expanding financing solutions available to entrepreneurs. These efforts form part of a broader strategy to enhance the entrepreneurship ecosystem and facilitate access to diversified funding sources.
The Authority conducted 1,471 field visits to financed projects to assess progress and identify the needs of business owners, enabling enterprises to scale operations, expand and improve their economic contribution.
It continues to streamline support mechanisms through innovative programmes while offering financial, technical, training and advisory services. These initiatives are designed to strengthen SME growth, expand market reach locally and regionally, and ensure long-term sustainability. — ONA
Oman Observer is now on the WhatsApp channel. Click here
