Inma Allocates RO 33 Million for SME Financing: What This Means for Small Business Growth in Oman
MUSCAT: The Small and Medium Enterprises Development Fund (Inma) has announced the opening of financing applications for the year 2026, as part of its ongoing commitment to empower entrepreneurs and SME owners. This initiative aims to support business growth and strengthen the national economy.
Yahya bin Saleh al Siyabi, Head of Marketing at Inma, stated that RO 33 million has been allocated for SME financing this year. These funds will be available through the Fund’s branches in Suhar and Salalah, as well as its headquarters in Muscat. He emphasized that the Fund will maintain its established procedures and requirements to facilitate beneficiary access to financing, ensuring continued support and easier financial services.
Al Siyabi highlighted the Fund’s strategic focus on SMEs as a vital component of Oman’s economic development. While prioritizing sectors such as tourism, services, infrastructure and transportation, oil and gas, industry, and trade, Inma places significant emphasis on project quality and economic feasibility regardless of the sector.
To ease financial pressures and promote operational sustainability, the Fund offers flexible repayment terms of up to eight years for selected financing products. Additionally, Inma will continue implementing a field-visit program this year, which monitors projects, assesses their progress, and provides guidance to business owners to foster growth and development.
In the previous year, the Inma Fund disbursed approximately RO 25 million in financing, benefiting nearly 366 enterprises across various governorates in Oman. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
The allocation of RO 33 million in SME financing by Inma for 2026 signals strong government commitment to nurturing entrepreneurial growth and economic diversification in Oman. Businesses should view this as a prime opportunity to access flexible financing with extended repayment terms, while investors and entrepreneurs would be wise to focus on priority sectors like tourism and infrastructure that align with national development goals. Smart players will leverage the ongoing support and advisory services to enhance project viability and long-term sustainability.
