Bank Muscat, the flagship financial services provider in the Sultanate, extended lead support to the 5th SME Exhibition and Conference, reiterating its commitment to promoting the important role played by the small and medium enterprise (SME) sector in the economic development of Oman. The support to the 3-day event by Al Wathbah (Big leap for Small business), Bank Muscat’s comprehensive suite of finance solutions for SMEs, complemented government efforts aimed at strengthening the SME sector.
Ilham al Hamaid, AGM – SME Credit, Marketing and Regional Corporates, said: “Bank Muscat is a strong supporter of the government policy to encourage individual initiatives aimed at self-employment. The business environment in Oman offers tremendous opportunities and challenges for the SME sector. The support to SMEs stems from the bank’s strong commitment to create self-employment opportunities for youth who constitute more than 50 per cent of the country’s population.”
The exhibition and conference focused on the importance of SMEs in the business landscape of Oman. The conference discussed major challenges faced by the SME sector as experts offered new perspectives on developing an entrepreneurial culture in the Sultanate. The Bank Muscat stall at the exhibition which highlighted the bank’s initiatives in the SME arena was visited by a large number of existing and prospective entrepreneurs.
Read more: http://main.omanobserver.om/node/149703
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