ODB funds four projects worth OMR10 million

Muscat: The Board of Directors of Oman Development Bank (ODB) approved the funding of four projects in the sectors of converting industries and food security to the tune of OMR10.2 million.

This came during the board’s 6th meeting for 2023, which was held under the chairmanship of Eng. Mohammed Abu Bakr Al Ghassani, Chairman of the Board of Directors of ODB.

Al Ghassani affirmed that increasing the lending ceiling contributed to funding projects with high in-country value (ICV).

The projects will also boost growth in promising economic sectors, he added.