Dhofar Islamic Finances First Underground Copper Mine with 64 Million OMR
Dhofar Islamic, the Islamic banking window of Bank Dhofar, has announced the signing of an agreement to finance the first underground copper mine in Oman. This financing amounts to 64 million Omani Rials, reflecting the bank's commitment to supporting strategic projects in the Sultanate.
Dhofar Islamic, the Islamic banking window of Bank Dhofar, has announced the signing of an agreement to finance the first underground copper mine in Oman. This financing amounts to 64 million Omani Rials, reflecting the bank’s commitment to supporting strategic projects in the Sultanate.
Agreement Details
The agreement was signed at the headquarters of Bank Dhofar in the presence of several senior officials from the financial and banking sector. This project is part of Oman Vision 2040 to support economic diversification and enhance the country’s industrial infrastructure.
This investment is expected to bolster the mining sector, increase employment opportunities, and improve the Sultanate’s GDP. Through this move, Bank Dhofar reaffirms its commitment to providing innovative financial solutions to support the national economy.
Source: Al-Roya Newspaper
Planning a business move in Oman?
Company registration, residency, banking and post-registration support with Connsect.
Comments & experiences
Share a useful experience or ask a relevant question.