Monday, December 11
01:45 PM

RO85mn offered to stimulate investment, development in North Batinah


Muscat – The Office of the Governor of North Batinah signed agreements to the tune of RO65mn with Sohar Port Company, Vale and OQ to offer investment opportunities for the citizens of the governorate.
The agreements were signed on the sidelines of the Forum for Development and Business Opportunities, organised by Oman Development Bank (ODB) in partnership with the Office of Governor of North Batinah and a number of public and private entities.
On his turn, Hamad Salem al Harthi, acting CEO of ODB, announced the allocation of RO20mn to provide financing loans to beneficiaries in the governorate of North Batinah in 2023.
Harthi presented a working paper titled “Funding Opportunities Through ODB”.
Mohammed Suleiman al Kindi, governor of North Batinah, on the occasion announced a prize named ‘North Batinah Governorate’s Award for Entrepreneurship’. The award will be shared by the best entrepreneur and the best institution supporting entrepreneurship.
Meanwhile, Mohammed Abu Bakr al Ghassani, Chairman of the Board of Directors of ODB, pointed out that the bank has devised an ambitious programme this year to hold ‘development and business opportunities forums’ n the governorates in conjunction with their respective governors.
The aim is to establish an appropriate environment for the growth of small and medium enterprises so that they could achieve their target goals, he said.

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