• Future Fund of Oman launches SME lending portfolio to provide fast-track loans, supporting entrepreneurship and strengthening the national financing framework.
• Operated by Beehive, the portfolio uses AI-powered tools to assess applicants and deliver tailored financing solutions within two weeks.
• The initiative aims to boost economic diversification, empower SMEs to overcome challenges, and create sustainable growth and local value.

Future Fund of Oman

The Future Fund of Oman, an affiliate of the Oman Investment Authority, launched its lending portfolio for SMEs. This reflects the fund’s mission to support the entrepreneurship ecosystem and complement the national framework for financing SMEs and startups.

The new financing option provides quick financial solutions that can be obtained within two weeks of submitting an application. This is alongside a flexible repayment plan that helps SME owners and those seeking financing solutions to cover operational needs and achieve steady growth. Furthermore, this is part of an effort to enhance financing tools and expand access to financial resources for entrepreneurs.

The initiative is in alignment with the objectives of Oman’s Vision 2040,” which seeks to build a competitive knowledge-based economy and provide a supportive environment for innovation and entrepreneurship. Additionally, it aims to further enhance the contribution of SMEs to economic growth and generate job opportunities for youth.

SMEs

The portfolio is operated by Beehive, a platform in the region specializing in SME financing solutions since 2014. It will rely on an AI-powered tool to analyze the status of companies applying for financing. Moreover, it will be the first company entrusted with implementing this type of financing within the fund’s system. 

Entrepreneurs, SME owners, and startups can easily apply for financing through the fund’s website. Beehive will then evaluate applications and execute financing in line with the fund’s standards and objectives to stimulate local economic growth.

This fund aims to provide flexible financing solutions that meet the needs of entrepreneurs. It also seeks to enable businesses to overcome operational challenges and accelerate growth. This, in turn, will support economic diversification, boost local content, and increase in-country value.