AGC Oman details new strategy to support SMEs

construction omanOmani civil construction and project management company A'ssafwah Gate Construction (AGC Oman) has announced that it will offer management, administration and marketing aid to small and medium enterprises (SMEs) in the sultanate under its new business strategy

Established in 2010, the company has two sister companies - A'ssafwah Towers and A'ssafwah Candles.

According to a Muscat Daily report, AGC Oman, during the re-launch of its operations, said that its areas of expertise included hospitals, commercial and residential complexes, luxury villas, education institutions and office buildings.

AGC Oman CEO Hamed Sulaiman al Ruhaili said, “We have tested every company in the market and we have schools in Muscat and Sohar. We have restructured and built private houses and then took a break. Now, we are re-launching ourselves officially and giving a chance to SMEs to do the work, instead of going after such projects. We will carry out management, administration, marketing, quality and safety checks for these firms.”

Oman Chamber of Commerce and Industry (OCCI) head of services committee Eng Redha Juma Mohammed Ali al Saleh said, “Construction companies have vast operations and require a lot of capital. AGC Oman, by subletting specialised services, will provide quality and minimise the risks of SMEs.”

In recent years, government authorities in Oman have been keen to promote SMEs spread across various industries. Earlier in 2013, the Central Bank of Oman announced that all banks in the sultanate would have to allocate five per cent of their total credit SMEs by the end of December 2014 to promote this segment.

Following its relaunch in the sultanate, AGC Oman officials expect the construction services firm to break-even in the next three years, Muscat Daily reported.

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