Page 26 - OMIFCO Community Investment Review 2020

OMIFCO SMEs Scaling-up Program

(Wasel)

Location Targeted group Partners Activities and objectives

Muscat Governorate SMEs seeking growth and The National Business Center Providing training and mentoring to
(NBC) – Madayn
expansion the companies participating in the
program to improve all aspects of

and the business and make them

attractive for investmen

Results and outputs

• Total of 27 companies joined the program’s first and second batches
• The program provided an opportunity for a number of participating companies to pitch their business growth plans in front of investors,
business leaders and decision-makers in local funds to attract investment to their business
• One of the participating companies managed to attract an investment of 260,000 Omani riyals to finance an expansion plan to
neighboring markets
• One of the participating companies in the 2nd batch signed a franchise agreement with a Gulf company in its first step towards
expanding outside the Sultanate.

• A noticeable improvement in the business performance of the participating companies, especially in the financial management,
marketing ability and organizational structure

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