MUSCAT: In what could be a huge relief, Omani citizens with monthly income of less than OMR 350 will be exempted from the housing loan payments.
The decision was taken during a high-level meeting chaired by His Majesty Sultan Haitham Bin Tarik.
Meanwhile, His Excellency Dr. Khalfan Al Shuaili, Minister of Housing and Urban Planning said more than 650 families will get the benefits of the social protection scheme announced by the government through which they will be exempted from the housing loan payments.
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Al Shuaili said an amount of approximately OMR 20 million will be used towards the scheme. “This decision will strengthen the social stability of more than 650 families, it amounts to approximately OMR 20 million,” the Minister said.
