Sezad introduces new regulations to boost SMEs

Muscat - 

The Special Economic Zone Authority in Duqm (Sezad) issued new regulations to maximise the participation of small and medium enterprises (SMEs) in the development projects of the Special Economic Zone in Duqm (SEZD).

The issuance of new regulations comes in light of Sezad’s keenness for SMEs to benefit from the projects under implementation in SEZD. The new regulations rely on the decisions of the SME Development Symposium held in Seeh Al Shamikhat in January 2013, according to an Oman News Agency (ONA) report.

The new decision, which came into force this week, stipulates that the Partnership and Development Department of Sezad would determine the possible business opportunities for SMEs in government projects in Duqm.

The decision obligates the contractors to advertise the work available to SMEs in daily newspapers in direct coordination with the Partnership and Development Department. The Department, in coordination with the project managers and the consultant for each project, will follow up the contractors to make sure that the opportunities for SMEs are announced during the project implementation period.

The decision also obligates contractors to lease the necessary machinery and equipments for the implementation of the project from the citizens in accordance with the regulations adopted by Sezad, giving priority to the citizens of the Wilayat of Duqm and the citizens of the other Wilayats in Al Wusta governorate by announcing them in local newspapers.

The contractors can also purchase machinery and equipment from the local market in the sultanate. If the machinery or equipment are unavailable by citizens or the local market, the contractors may import machinery and equipment from outside the sultanate in coordination with the Partnership and Development Department.

The new decision also stressed the need for contractors to abide by the new controls.

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