Inma Fund finances 75 projects worth OMR9mn

Muscat: The total loan funding offered by the Small and Medium Enterprises Development Fund (inma) during the first half of 2023 reached OMR9 million distributed over 75 projects in the sectors of services, transport, logistics, infrastructure, oil, gas, commerce, industry and tourism.

Sheikh Salah Hilal Al Ma’awali, CEO of inma fund underscored the fund’s keenness to increase funding rates and boost efforts by increasing funding services to SMEs in Oman in a bid to increase their contribution to the Gross Domestic Product (GDP).

Meanwhile, the total amount allocated to funding SMEs by the fund during 2023 is OMR20 million distributed over the fund’s branches in Sohar, Salalah and Muscat.