Small & Medium Enterprises (SMEs) form the back bone of successful economies by providing employment opportunities, producing & exporting essential goods and services and adding value to the overall economy. The Omani government has placed great emphasis through its economic diversification plan to create the appropriate infrastructure and facilities that will support the establishment and growth of Small and Medium Enterprises..

The creation of the Fund for Development of Youth Projects in 1998 by Royal Decree was a major milestone that reflected the country’s encouragement and commitment towards Omani entrepreneurs. The Youth Fund was created for the sole purpose of funding and assisting Omani entrepreneurs to start their own business ventures.

The generous donation of His Majesty Sultan Qaboos bin Said followed by private sector companies as well as individuals who contributed to the share capital has made it possible for the Fund to render its services to Omani entrepreneurs and sustain its operations into the future.