39% drop in SME reg­is­tra­tion till end of Oc­to­ber this year

Muscat Daily - - NATION -

The total num­ber of Small and Medium En­ter­prises (SMEs) reg­is­tered with Riyada till the end of Oc­to­ber 2018 stood at 4,598, which is a drop of 38.7 per cent com­pared to the same pe­riod of 2017, ac­cord­ing to data re­leased by the Na­tional Cen­tre for Statis­tics and In­for­ma­tion (NCSI).

The total num­ber of SMEs reg­is­tered in the month of Oc­to­ber was 36,433, record­ing a rise com­pared to the month of Septem­ber, when it was 35,994.

Among the gov­er­norates, Mus­cat topped the list with 41 per cent SMEs reg­is­tered in Oc­to­ber, fol­lowed by North Bati­nah at 14 per cent, Dakhliyah at nine per cent, South Bati­nah at eight per cent and the rest of gov­er­norates at 28 per cent.

The Gov­er­norate of Al Wusta reg­is­tered the high­est rate of de­cline at 62.2 per cent to 37 SMEs from 98 last year, fol­lowed by the Gov­er­norate of South Bati­nah, which reg­is­tered a fall of 49.1 per cent to 351 SMEs at the end of Oc­to­ber this year against 689 SMEs in 2017.

The Gov­er­norate of Dakhliyah reg­is­tered a fall of 47.8 per cent to reach 505 from 967 SMEs in 2017, while Dhahi­rah saw a 45.5 per cent fall in the num­ber of SMEs to 224 from 411 in 2017.

The num­ber of SMEs reg­is­tered in North Shar­qiyah and South Shar­qiyah was 289 and 270, a de­cline of 42.5 per cent and 38.4 per cent, re­spec­tively, dur­ing the same pe­riod in 2017. In the Gov­er­norate of Mus­cat, the total num­ber of SMEs reg­is­tered at the end of Oc­to­ber saw a 35.6 per cent de­cline to 1,716 against 2,666 in 2017, ac­cord­ing to the data re­leased by NCSI.

The num­ber of SMEs set up in Dho­far at the end of Oc­to­ber 2018 fell by 26.6 per cent to reach 306 from 417 dur­ing the same pe­riod in 2017.

In Mu­san­dam, there were 19 SME units reg­is­tered in the ten­month pe­riod of 2018, a fall of 24 per cent com­pared to 25 SMEs reg­is­tered last year, whereas in Bu­raimi, the num­ber was 161 at the end of Oc­to­ber this year com­pared to 177 last year, a drop of 9 per cent.

Pho­to­graph for il­lus­tra­tive purpose only

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