Oman Future Fund Launches SME Lending Portfolio: What It Means for Entrepreneurs and Investors in Oman
MUSCAT, September 7 — The Oman Future Fund, operating under the Oman Investment Authority (OIA), has announced the launch of a new lending portfolio specifically designed for small and medium-sized enterprises (SMEs). This initiative strengthens the fund’s strategic commitment to fostering entrepreneurship and complements existing national financing programs for SMEs and startups.
The newly introduced financing option provides rapid access to capital, with funds disbursed within two weeks of application. It also offers flexible repayment plans aimed at supporting SMEs and startups in managing their operational costs and facilitating business growth. This move aligns with the objectives of Oman 2040, which seeks to develop a competitive knowledge-based economy, nurture innovation and entrepreneurship, and create quality job opportunities for Omani youth.
The lending portfolio will be managed by Beehive, the region’s pioneering SME financing platform established in 2014. Beehive utilizes artificial intelligence to evaluate the financial status of applicants efficiently. Entrepreneurs and business owners can apply through the fund’s official website, where applications are forwarded to the appropriate managers, and Beehive oversees the evaluation and execution of financing in accordance with the fund’s goals.
Rashid bin Sultan al Hashmi, Senior Director at Oman Future Fund, emphasized that the portfolio launch embodies the fund’s founding vision while addressing the urgent needs of SMEs and startups. He highlighted that the flexible capital provided can cover critical operational expenses such as salaries and rent, helping businesses overcome challenges, accelerate growth, and contribute to economic diversification and local content enhancement.
Peter Tavener, Co-founder and CFO of Beehive, described the partnership as a significant strategic milestone. He reaffirmed Beehive’s role as a trusted provider of non-bank financing and expressed confidence that, with the fund’s support, the platform is well-positioned to meet increasing demand and further stimulate sustainable economic growth in Oman.
By December 2024, the Oman Future Fund had invested RO 1.249 billion across 45 projects in ten different sectors. This total includes RO 885 million in foreign direct investments and RO 333 million directly from the fund. These investments have generated over 1,600 jobs and fostered additional economic activity nationwide. — ONA
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The Oman Future Fund’s new SME lending portfolio, powered by AI-driven Beehive, significantly lowers financial barriers for startups and SMEs, enabling faster access to capital with flexible terms. This strategic move aligns with Oman 2040’s vision, presenting opportunities for entrepreneurs to scale rapidly and for investors to tap into a burgeoning innovation ecosystem. Forward-looking businesses should leverage this accessible financing to drive growth, diversify operations, and contribute to Oman’s economic transformation.
