Oman had 282,046 small and medium-sized enterprises as of June 2026, according to figures presented by the Public Authority for Small and Medium Enterprises Development, known as Riyada.
The authority said 136,459 businesses were registered with Riyada, while 32,103 held active entrepreneurship cards. The figures were shared during a financing entities forum and the closing of Global Entrepreneurship Week activities in Al Buraimi.
Riyada approved OMR48.9 million in financing through June 2026, supporting 555 projects through its lending programs. The financing covers areas including local value-added projects, industrial and service businesses, working capital, craft and home-based products, contract financing, and project ownership in Khazain Economic City.
For 2026, the authority aims to finance at least 200 projects across various economic sectors.
Riyada also reported that its Jaheziah program had trained 7,601 entrepreneurs by the end of June. The Riyada Entrepreneurship Academy provided consulting services to 10,835 businesses and delivered 245 training programs to 29,513 participants.
The authority is also supporting a national handicrafts program focused on product development, technology, marketing, investment opportunities and local content. The initiatives form part of Oman’s efforts to diversify the economy and strengthen private-sector participation under Oman Vision 2040.
Source: Oman Daily
