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 October 2018 stood at 4,598, which is a drop by 38.7% compared to the same period of 2017, according to the data released by the Centre.
The total number of SMEs registered in the month of October 2018 was 36,433, recording a rise compared to the month of September, when it was 35,994. Among the governorates, Muscat topped the list; with 41%, SMEs registered in October 2018, followed by Al-Batinah North at 14%, Ad-Dakhliyah at 9%, Al-Batinah South at 8% and the rest of governorates at 28%. The Governorate of Al Wusta registered the highest rate of decline at 62.2% to 37 SMEs from 98 last year, followed by the Governorate of Al-Batinah South, which registered a fall of 49.1 per cent to 351 SMEs at the end of October this year against 689 SMEs in 2017.
The Governorate of Ad-Dakhliyah registered a fall of 47.8% to reach 505 from 967 SMEs, while Adh Dhahirah saw a 45.5% fall in the number of SMEs to 224 from 411 in 2017. The number of SMEs registered in Ash- Sharqiah North and Ash-Sharqiah South was 289 and 270, a decline of 42.5% and 38.4%, respectively, during the comparable period in 2017. In the Governorate of Muscat, the total number of SMEs registered at the end of October 2018 saw a 35.6% decline to 1,716 against 2,666 in 2017, according to the data released by the NCSI. The number of SMEs set up in Dhofar at the end of October 2018 fell 26.6% to reach 306 from 417 during the comparable period in 2017, the data revealed. In Musandam, there were 19 SME units registered in the 10-month period of 2018, a fall of 24% compared to 25 SMEs registered last year, whereas in Al Buraymi, the number was 161 at the end of October this year compared to 177 last year, which is a drop of 9%.