Latest news with #PublicAuthorityforSmallandMediumEnterprisesDevelopment
Observer
16-03-2025
- Business
- Observer
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
Muscat Daily
17-02-2025
- Business
- Muscat Daily
Oman to take centre stage at Gulfood 2025 in UAE
Muscat – The Sultanate of Oman is participating in the Gulfood 2025 exhibition, one of the world's largest food and hospitality events, held in Dubai, United Arab Emirates, with over 129 countries taking part. The five-day event provides a platform for Omani companies and factories in the food industry sector to expand their market reach and enhance international business opportunities. Oman's pavilion at the exhibition is represented by the Ministry of Commerce, Industry and Investment Promotion, the Public Establishment for Industrial Estates (Madayn), the Oman Chamber of Commerce and Industry, and the Public Authority for Small and Medium Enterprises Development. The participation aims to promote Omani food products globally, attract foreign investments, and boost the local industry's competitiveness. Khalid bin Sulaiman al Salihi, Director General of Marketing and Commercial Affairs at Madayn, highlighted the significance of Oman's presence at Gulfood 2025, stating: 'The participation provides a qualitative addition to attracting and localising foreign investments in Oman. As part of this, we have organised an event focusing on the advantages of investing in the food industries sector in our industrial cities, targeting CEOs, investors, and industry leaders.' A discussion session featuring Omani and international experts will also be held on the sidelines of the event, addressing strategies to enhance food security and foster innovation in sustainable solutions for the future. Additionally, Madayn, in coordination with the Public Authority for Small and Medium Enterprises Development, has facilitated networking opportunities for Omani entrepreneurs not directly exhibiting at Gulfood 2025. A dedicated platform has also been provided for graduates of the 'Industrial Innovation Specialist' programme in the food and beverage sector, implemented at the industrial cities of Sur and Raysut. Salihi emphasised that Oman's participation in Gulfood 2025 is an invaluable opportunity to showcase the high quality of Omani food products and to secure new markets. He noted that demand for Omani products has steadily increased in recent years, reflecting their growing reputation in regional and international markets.
