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Oman Economic Forum

Oman Economic Forum “Small and Medium Enterprises: Creating Employment Opportunities & Inspiring Innovation” al-Wathbah SME Development at bank muscat By: Ilham Al Hamaid AGM- SME Credit & Marketing & Regional Corporates 19 th March 2014. Content. Why SMEs?.

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Oman Economic Forum

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  1. Oman Economic Forum • “Small and Medium Enterprises: Creating Employment Opportunities & Inspiring Innovation” • al-Wathbah SME Development at • bank muscat • By: Ilham Al Hamaid • AGM- SME Credit & Marketing & Regional Corporates • 19th March 2014

  2. Content

  3. Why SMEs? • SME is a driving force for economic growth and job creation • SMEs drive & shape innovation, speed-up structural changes, introduce competition and contribute to the productivity. • Country’s approach to support and develop SMEs

  4. Al-Wathbah SME at bank muscat • SME at bank muscat since last 20 years • Independent department headed by AGM • 43 team members distributed between small, mid and regions • ARMs across the country • Specialized products and services

  5. Financial Services • SME Finance: • Funded : Overdraft, Loan, Advance (Others), Bill Discounting, Letter against Trust Receipt, etc • Non-Funded: Letter of Credits & Guarantees • Government Guarantee Program with Ministry of Commerce & Industry • Program Lending products • Non Financial Services What do we offer SMEs?

  6. al-Wathbah SME Non Financial Services • Workshops for SMEs • Seminars at different colleges of the country • al Wathbah Business Zone • CEO Mentorship program - joint efforts with Public Authority of SMEs & Ministry of Commerce & Industry • Tours for the best SME practices • Participation with government initiatives i.e. government guarantee program, exhibitions, sponsorships, etc.

  7. al-Wathbah Businesswomen’s initiatives • al Wathbah Businesswomen’s Forum: dedicated web page for business women to network and market their products / services. • Other initiatives: *Al Wathbah Ramadhan Souq *Networking events

  8. 2014: Upcoming Initiatives/Way Forward • al Wathbah SME Academy • al Wathbah Businesswomen’s Advisory Forum • al Wathbah SME TV • al Wathbah Business Women Annual Event / Award • al Wathbah SME Souq • Mentoring Entrepreneurs • al Wathbah Centers / Desks • Workshops & networking events across the country

  9. Thank You

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