Reaffirming its dedication to support the growth of the Sultanate’s entrepreneurial community, Oman Oil Marketing Company (omanoil) signed an agreement with the Al Raffd Fund to finance the creation of a special marketing program dedicated to promoting SMEs affiliated with the Fund. Under the agreement, the new program will help SMEs develop marketing strategies and provide them with financial support to promote their products and services. The agreement was signed by Eng. Omar Ahmed Qatan, CEO of Oman Oil Marketing Company and Tariq bin Sulaiman Al Farsi, CEO of Al Raffd Fund.

At the signing, Eng. Omar Ahmed Qatan, said, “With the SMEs representing 90% of the corporate sector, we believe that they have the innovative power to make even greater contributions to Oman’s economy. However in order to do so, they require our support to reach their full business potential. We know first-hand that marketing is one of the most important keys to business success and for that reason, we tied-up with Al Raffd Fund to extend the benefits of marketing, advertising, promotions, and sales strategies with as many entrepreneurs as possible.”

The agreement comes as part of omanoil’s continued commitment to support the development of SMEs across the country. In fact, its nationwide network of 179 retail stations are owned and operated by a long-list of small and medium size enterprises, selling high quality petroleum and lubricant products. In addition, the company offers Omani citizens the opportunity to open coffee-shops and car care centers through its network. Taking it one step further, Oman Oil Marketing is currently working to offer a wide range of services and facilities to SMEs which includes the possibility of setting-up shopping complexes within its retail sites.