16-03-2025
PASME unveils business incubator in Nizwa
NIZWA: The Public Authority for Small and Medium Enterprises Development (PASME) officially inaugurated its business incubator in the Wilayat of Nizwa, Al Dakhiliyah Governorate. The launch, under the auspices of Sultan bin Salim al Habsi, Minister of Finance, marks a significant step in supporting entrepreneurship and enhancing Oman's innovation ecosystem.
The new incubator aims to provide a comprehensive suite of services to small and medium-sized enterprises (SMEs), including office spaces, mentorship, training, networking with investors, technical and administrative consulting, and financing opportunities. This initiative is designed to help entrepreneurs transform their ideas into successful projects, contributing to economic growth in the region.
The facility is a key addition to the local entrepreneurship landscape, aligning with Oman Vision 2040's goal of building a knowledge-based, innovative economy. The incubator will also support job creation and foster youth participation in economic development.
At the opening ceremony, attendees enjoyed a visual presentation and a tour of the incubator's ongoing projects. This development adds to PASME's portfolio of 26 public and specialised incubators across Oman, hosting a total of 129 enterprises and providing a national workforce of 243 employees. — ONA
