NBC event to attract investments for SMEs

MUSCAT: The National Business Centre (NBC), an initiative of the Public Establishment for Industrial Estates — Madayn, organised on Wednesday an event that gathered the incubated companies at Wasel Business Growth Programme and officials representing several bodies including the SME Development Fund (Inma), Al Raffd
Fund, Bank Muscat, Shumookh Investment and Services SAOC — the investment arm of Madayn, in addition to other private investing companies.
The pitch event aimed at introducing the products and services of the SMEs and attracting investments for the companies to expand and grow.
Elaborating on Wasel Business Growth Programme, Ibtisam al Farouji of the National Business Centre said that the programme, which is organised by Oman India Fertiliser Company (Omifco) and the NBC, has incubated 15 Omani startups for a period of eight months during which the companies have been guided by development plans tailored to their requirements to achieve expansion and growth.
During the event, the participating companies in Wasel Business Growth Programme delivered presentations to the funding bodies highlighting their activities, achievements and growth potentials.
The National Business Centre is an initiative launched by Madayn at the Knowledge Oasis Muscat (KOM) to offer promising Omani entrepreneurs a platform to develop their business ideas and advance them into growing ventures. — ONA