MUSCAT : In line with its commitment to partake in conferences and exhibitions in different fields, Bank Muscat, the leading financial services provider in the Sultanate of Oman, participated in the Real Estate Conference organised by the Ministry of Housing and Urban Planning, which was held from 29^th April 2024 till 1^st May 2024 at the Oman Convention and Exhibition Centre. This year, the conference coincided with the 19^th edition of the Oman Design and Construction Week 2024.

The conference witnessed the participation of more than 150 local and international exhibitors representing 40 countries. The conference hosted around 10 panel discussions on various topics, featuring 42 working papers. This event represents a platform to exchange knowledge and expertise, and showcase cutting-edge technology in the field. The 3-day conference focused on various topics, including Oman’s structure as a promising investment hub in real estate development, supporting emerging companies, empowering financial and human resources, creating an integrating environment between sectors, and shed light on the latest digital developments in the sector.

Within the topic of “Future-Ready Real Estate: Financing, Technology and Community Living”, Abdulnasir Al Raisi, General Manager, Personal Banking, Bank Muscat, presented on Bank Muscat contribution to real estate market and Sustainable Finance in Oman. He shed light on Bank Muscat’s contribution and commitment to supporting real state sector in Oman, the services and products offered in this regard such as Baituna housing loan from Bank Muscat and Meethaq Home Finance, and its wide network of channels across the Sultanate. In addition, he reflected on the Bank’s role in supporting national strategic projects like Sultan Haitham City where individuals wishing to avail residential units will enjoy a discounted rate of interest on Baituna housing loan. He also touched upon Bank Muscat’s commitment to providing sustainable financial options such as Green Finance product as well as other solutions designed specifically to support the goals set in this regard.

Housing finance development is particularly important in boosting equitable economic growth, enabling households build assets, improving living conditions, empowering a country’s population, and strengthening communities and overall social cohesion. Bank Muscat is committed to supporting this crucial sector and strengthening its role in the development and growth of the Sultanate’s economy. As Oman prepares for the next phase of its progress and development under the landmark Oman Vision 2040, the role of home financing is only set to grow more and more important. Bank Muscat customers can take advantage of the fast processing of applications and the excellent insurance coverage for their financing.

Bank Muscat also offers Green Finance, which is Oman’s first environmentally-friendly finance product. The Bank’s Green Finance was launched in 2019 in association with the International Finance Corporation (IFC). It encourages customers to install solar panels on their rooftops and use solar energy for a large part of their household energy requirements. This unique initiative reflects the bank’s commitment to responsible banking and its continuous contributions to the country’s overall progress and development.