OCCI and Gulf House Investment Corporation Launch SMEs Purchase Contracts Initiative

Oman, 12 June, 2024 : The Oman Chamber of Commerce and Industry (OCCI) partnered with Gulf House Investment Corporation to introduce a new initiative aimed at financing purchase contracts for small and medium enterprises (SMEs).

This initiative, spanning over 20 products, offers interest-free, 90-day contracts to entrepreneurs managing SMEs, facilitating their growth and expansion efforts.

Sheikh Ahmed Amer Al Maslahi, Head of the SMEs Committee at OCCI, emphasized the initiative's significance in empowering SMEs and enhancing the purchasing capacity of individuals and companies. He highlighted that this approach enables access to goods and services without immediate full payment, fostering economic activity and bolstering the commercial sector.

Mohammed Hassan Al Bahrani, owner of Gulf House Investment Corporation, hailed the initiative as a crucial step towards promoting private economic activity. He noted that it simplifies the process for companies and entrepreneurs to acquire goods and services, thereby boosting confidence in the local market and facilitating business expansion.

Source : www.omannews.gov.om