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The Small and Medium Enterprises Development Authority in the Sultanate of Oman is working to support the employment of Omani cadres in innovative and tech startups by launching a financial incentive for 24 months. The program aims to reduce employment costs for companies, especially in the tech sector, through a monthly financial support ranging from 300 to 500 Omani Riyals depending on qualifications. It includes providing 200 job opportunities in the first phase, with up to now, 50 opportunities benefiting from the program. The process involves submitting applications via an online platform and assessing them within two weeks, with measures in place to ensure sustainable employment and the growth of Omani startups. This initiative is part of efforts to build a national ecosystem for innovative entrepreneurs and to expand their economic presence.
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