𝐎𝐦𝐚𝐧’𝐬 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐁𝐚𝐧𝐤 𝐀𝐩𝐩𝐫𝐨𝐯𝐞𝐬 𝐑𝐎 𝟐.𝟕 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐋𝐨𝐚𝐧𝐬 𝐟𝐨𝐫 𝐀𝐥 𝐁𝐮𝐫𝐚𝐢𝐦𝐢

Oman’s Development Bank has approved RO 2.7 million in financing for projects and businesses in Al Buraimi Governorate, supporting entrepreneurship, SMEs and local economic development. The Arabian Stories report

The financing will support projects across key sectors, helping entrepreneurs expand their businesses, strengthen local investment and create new economic opportunities.

The initiative reflects Oman’s continued focus on improving access to finance for SMEs and entrepreneurs, particularly outside major economic centres.

By directing funding towards productive projects, the Development Bank is helping strengthen local value creation, job opportunities and economic diversification in Al Buraimi.

The move also supports the broader objectives of Oman Vision 2040, which places SMEs, entrepreneurship and private-sector growth at the centre of sustainable economic development.