Oman’s Opaz opens eService to register SMEs in Sezad & Free zones

By Arya M Nair, Official Reporter
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Oman’s Public Authority for Special Economic Zones and Free Zones (Opaz) has opened an electronic service for registering Small and Medium-sized Enterprises (SMEs) in the One-stop shop (OSS), through the Digital Investment Portal of the Authority.

This new eService will enable entrepreneurs registered with the SMEs Development Authority, holding Riyada cards, to avail more opportunities in procurement, tenders, and works assigned to SMEs from the projects operating in the Special Economic Zone at Duqm (Sezad) and the free zones.

It aims to create a database that facilitates reaching out to entrepreneurs. These enterprises can benefit from the opportunities offered, which represent 10 percent of the value of the projects implemented in the zones.

Through its digital transformation plans, Opaz seeks to automate its procedures for the benefit of entrepreneurs and to facilitate Opaz access to entrepreneurs with the database that classifies the types of activities offered by SMEs. Through this database, SMEs will have the opportunities to take part in the tenders and contracts of the projects implemented in Opaz’s various zones through the Digital Investment Portal of the authority.

It is worth noting that the works assigned to SMEs in the Sezad from 2016 to 2022 amounted to $176 million and more than 230 SMEs have benefited from these amounts which are registered with Opaz, while Opaz seeks to develop all electronic services provided to entrepreneurs.

Earlier this month, OPAZ approved a decision to extend the 50 percent reduction of the fees for the services provided in the Special Economic Zone at Duqm (SEZAD) to SMEs.

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