Muscat – In a historic move marking the fifth anniversary of His Majesty Sultan Haitham bin Tarik’s ascension to the throne, Diwan of Royal Court has announced a Royal Grant exceeding RO178mn to support the social and economic welfare of Omani citizens.
The generous grant, benefiting over 100,000 individuals, includes a wide range of initiatives aimed at enhancing the quality of life for Omanis across various sectors.
Focused on housing assistance, small and medium enterprise development, loan waiver and social protection, the Royal grant reflects His Majesty’s ongoing commitment to improving the lives of the people of Oman.
The grant is a testament to His Majesty’s understanding of the challenges faced by Omani citizens and his relentless drive to provide opportunities for social and economic empowerment.
In an effort to further strengthen Oman’s social fabric, the grant will increase financial allocations for the Housing Assistance Programme for 2025, ensuring more support for families in need of affordable housing. It will also enhance the portfolio of the Authority for Small and Medium Enterprises Development, helping foster entrepreneurship and job creation across the sultanate.
The government will take responsibility of covering outstanding loan amounts for eligible citizens in various categories, including low-income individuals and those impacted by unemployment or project closures. This relief will apply to housing loans, as well as loans for stalled projects financed by Al Raffd Fund and Development Bank.
The grant includes support for social security pension and extension of social insurance protection for citizens in 2025, ensuring vulnerable groups are supported.
To further support citizens, the government will provide additional aid for retirees whose monthly pension is less than RO350.
The grant includes establishment of marriage funds in every governorate, offering financial assistance to those wishing to marry, with details to be outlined by the relevant authorities.
Diwan of Royal Court concluded the announcement with prayers for the continued health and well-being of His Majesty the Sultan and citizens of Oman, as they celebrate this auspicious milestone in the nation’s journey towards prosperity.
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