The number of micro, small and medium enterprises registered with the Small and Medium Enterprise Development Authority in 2022 has increased by 42.7% compared to 2021, according to a data issued by the National Centre for Statistics and Information.

According to NCSI by the end of March 2022, the total number of institutions registered reached 73,741, compared to 51,663 institutions during the same period in 2021.

The latest data showed that the Governorate of Musandam topped the growth in the number of small, small and medium enterprises during this period by 102.1%.

Al Dhahirah Governorate has the lowest growth rate in the number of micro, small and medium enterprises at the end of March 2022, at 31.4% compared to the end of March 2021.

As for the Governorate of Muscat, it obtained the largest percentage of the number of micro, small and medium enterprises at the end of March 2022, with a number of 24,977 establishments.

The Governorate of North Al Batinah came in second place, with 11,464 establishments, while Al Dakhiliyah Governorate came in third place with 8,534 establishments.