Oman’s Commerce and Industry Minister has issued a Ministerial Decision amending the classification of SMEs in the Sultanate. The aim is to take account of the classification of these establishments in other GCC states. It means these entities will be classified according to their workforce and revenue. Under the new classification, a micro establishment will have one to ten employees and its annual revenues will be less than 150,000 Rials. A small establishment will have 11 to 50 employees and an annual revenue of between 150,000 and 1,250,000 Rials. A medium establishment will have 51-150 employees and an annual revenue of between 1,250,000 and five million Rials.