"In an SME
cluster, for example, the use of peer pressure within a network of SMEs
for a particular business to pay back its loans can help and has already worked in Japan."
'The exercise is to identify the metals sector SMEs
in selected states, inspect their operational processes and administer questionnaires to operators to extract necessary information that would provide the ministry with data base to enhance formulation of favourable policies for the SMEs
,' he said.
SEZAD has also now put new measures in place to ensure that all its registered SMEs
have access to tenders and subcontracting work undertaken by it and continuously encourage the private sector to follow suit in its endeavours to support SMEs
within the zone.
At present, Friends of SMEs
are operating in 14 cities and regions of the country, and entrepreneurs from surrounding areas can also use their services.
When we only have a small number of SMEs
that are officially registered, it's difficult for us to learn about the challenges in the sector.
must adopt futuristic approach in catering to local markets keeping in view the changing dynamics of urbanization, quest for quality and consumer choices, he recommended.
Al-Ma'awali added that the cooperation of Riyada with the Ministry of Tourism and other stakeholders to develop the sector represented in providing the necessary support for the establishment of SMEs
. Riyada also provides several technical programs for owners of these enterprises, for promotion of their products and services inside and outside the Sultanate.
Of which, we are targeting to achieve 40 per cent of that to the companies which are based in the UAE," he said pointing out there is a big opportunity for SMEs
in the defence sector.
For his part, Edek's Elias Myrianthous said the commerce ministry is mulling a e1/4120m programme that would subsidise part of the interest on loans granted to SMEs
registered by 55.4% to reach 51 SMEs
from 115 in 2017, followed by
are viewed best in accomplishing financial, social as well as economic objectives, along with reduction in poverty.4 An enhancement in the living standard of the general population is the primary objective of any growth procedure.
QNA Doha THE value of accepted credit applications for lending to small and medium-sized enterprises (SMEs
) amounted to QR 20.6 billion in 2017, registering a growth of 71 percent from QR12.7 billion in 2016.