The Oman Chamber of Commerce and Industry (OCCI) has launched an initiative in collaboration with Gulf House Investment Corporation to support the financing of purchase contracts. This initiative aims to empower small and medium enterprises (SMEs) by offering more than 20 products and providing 90-day, interest-free contracts for SME entrepreneurs.
Sheikh Ahmed Amer Al Maslahi, Head of the SMEs Committee at OCCI, emphasized the importance of this initiative in enhancing the capabilities of SMEs and increasing the purchasing power of individuals and companies. He highlighted that this initiative allows individuals and companies to access goods and services without the need to pay the full amount upfront, which in turn will stimulate economic activity and support the commercial sector.
Mohammed Hassan Al Bahrani, the owner of Gulf House Investment Corporation, stated that this initiative is a significant step towards boosting private economic activity by facilitating easier access to goods and services for companies and entrepreneurs. He also mentioned that this initiative will build confidence in the local market and enable companies to expand their businesses.
