Oman Development Bank, Arab Planning Institute sign pact on training, consultancy

Kuwait: Oman Development Bank (ODB) signed a memorandum of understanding (MoU) with the Arab Planning Institute in Kuwait to consolidate cooperation in the fields of training, capacity building, studies and consultations.

The MoU also states that the two sides will hold events and forums that serve the entrepreneurship sector and small and medium enterprises (SMEs) in Oman.

The MoU will contribute to enhancing the bank's contribution to financing SMEs specialised in innovative projects that have in-country value (ICV) and employ Omani youth.

The MoU was signed by Eng. Mohammed AbuBakr Al Ghassani, Chairman of ODB Board of Directors, and Dr Badr Othman Malallah, Director-General of the Arab Planning Institute.