MUSCAT, 05 June 2017 – Bank Muscat, the flagship financial services provider in the Sultanate, and Riyada - the Public Authority for SME Development, have joined hands to organise al Wathbah Ramadhan Souq, an exhibition showcasing products and services promoted by small and medium enterprises (SMEs), at the bank's head office from 8 to 10 June.
The 3-day souq jointly promoted by Riyada and Bank Muscat is aimed at giving wings to the business dreams of entrepreneurs. The exhibition will feature a wide range of home-made products, including clothes, accessories, food items, home decorations and much more at competitive prices. Offering a unique shopping experience to visitors, the souq will be open to the public from 8:30 pm to 12.00 pm.
In pursuance of the private sector role in the economic development of Oman, Bank Muscat, in association with Riyada, is proud to host the annual Ramadhan Souq in support of SME development in Oman. Bank Muscat has launched various initiatives to support and encourage entrepreneurs at different stages of their business growth. The Ramadhan Souq particularly targets entrepreneurs who pursue home-based business activities. Riyada and Bank Muscat from time to time organise events with the aim of creating unique opportunities to market their products and become financially independent.
Bank Muscat offers a comprehensive suite of tailor-made finance solutions and non-financial services targeted at small and medium enterprises. The bank imparts the required skills and guidance for entrepreneurs drawn from diverse fields to embark on successful SME business ventures through workshops, advisory services and training through al Wathbah Academy programmes in Muscat, Sohar and Salalah. Serving as building blocks for existing and prospective entrepreneurs, all these initiatives assume importance in the backdrop of the priority accorded by the government to develop the SME sector in Oman.