Oman's Development Bank loaned over RO91.2M for 1,318 projects, supporting local industries and creating jobs.

In 2024, Oman's Development Bank provided over RO91.2 million in loans for 1,318 industrial projects, supporting economic diversification and self-sufficiency. The funding targeted key sectors like food products, petroleum, and pharmaceuticals, creating 1,330 jobs with a 43% Omanisation rate. The loans align with Oman Vision 2040, aiming to boost local industries, SMEs, and innovation.

5 weeks ago
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