MUSCAT : The loans are endorsed for projects in the sectors of food security, industry, minerals, tourism, health and logistics, among other economic sectors.
These projects, funded by the Bank in the governorates of Al Buraimi, Dhofar, Al Batinah and Muscat, will contribute to providing employment opportunities for Omani jobseekers, cut down imports and maximize the value of Omani exports.
The projects will spruce up economic development and leverage the comparative advantage among governorates to generate added value and consolidate the strategy of urban growth, said ODB board, which lauded the private sector’s role in the plan.
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ODB Board also discussed developments in the bank’s digital transition project, which will convert the Bank’s business model and automate all its operations. In turn, this will significantly contribute to improving the bank’s financing services to investors.
In addition, the Board reviewed business opportunities offered by the Bank in the governorates of Oman in cooperation with the governors’ offices, as part of steps to achieve the goals of Oman Vision 2040.
The board also valued the outcome of recent forums which showcased more than 1,000 investment opportunities worth more than OMR 100 million.
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