144 SME projects funded by Inma Fund

Business Sunday 29/January/2023 17:51 PM
144 SME projects funded by Inma Fund

Muscat: The total number of small and medium enterprises (SMEs) in the Sultanate of Oman which is funded by the Inma Fund in 2022 stood at 144 projects in various economic sectors, with a total value of OMR20 million.

At the forefront of those sectors is industry (20 per cent), followed by services (19 per cent), transport and logistics (16 per cent), infrastructure (15 per cent), trade (10 per cent), tourism (9 per cent) and the oil and gas sector (8 per cent).

The projects funded by Inma Fund in Oman’s various governorates managed to boost their production lines and provided a number of products and services to the local market, which contributed to revitalising the economic movement and increasing cash flow.

The industry sector, which received the largest share of funding from the Inma Fund in 2022, is considered one of the vital sectors in Oman that contribute to boosting the GDP.

Moreover, Inma Fund, which aims to achieve sustainable development, implements international standards, standards of the Central Bank of Oman and standards of the Capital Market Authority.