Muscat, The total number of small and medium enterprises (SMEs) registered with the Public Authority for Small and Medium Enterprises Development (Riyada) till the end of August 2018 stood at 3,761, which is a drop by 39.2% compared to the same period of 2017, according to the data released by the National Centre for Statistics and Information (NCSI).
The total number of SMEs registered in August 2018 was 35,596, recording a rise compared to the end of July, when it was 35,381.
Among the governorates, Muscat topped the list with 40%, SMEs registered in August 2018, followed by North Al Batinah at 15%, A’Dakhiliyah at 12%, Dhofar at 8% and the rest of governorates at 25%.
The Governorate of Al Wusta registered the highest rate of decline at 65.9% to 28 SMEs from 82 last year, followed by the Governorate of South Al Batinah, which registered a fall of 50.1% to 288 SMEs at the end of August this year against 577 SMEs in 2017.
The Governorate of A’Dhahirah registered a fall of 47.5% to reach 188 from 358 SMEs while A’Dakhiliyah saw a 46.5% fall in the number of SMEs to 431 from 805 in 2017.
The number of SMEs registered in North A’Sharqiyah and South A’Sharqiyah was 245 and 214, a decline of 41% and 41.7%, respectively, during the comparable period in 2017.
In the Governorate of Muscat, the total number of SMEs registered at the end of August 2018 saw a 36.1% decline to 1,386 against 2,168 in 2017, according to the data released by the NCSI.
The number of SMEs set up in Dhofar at the end of August 2018 fell 25.6% to reach 256 from 344 during the comparable period in 2017, the data revealed.
In Musandam, there were 16 SME units registered in the eight-month period of 2018, a fall of 15.8% compared to 19 SMEs registered last year. In Al Buraimi, the number was 119 SMEs at the end of August this year compared to 134 SMEs last year, which is a drop of 11.2%.
Source: Oman News Agency