Oman
Signs Several Agreements with Islamic Development Bank Group
Algiers, 21 May (ONA) — The Sultanate of Oman today signed several agreements
with the Islamic Development Bank (IsDB) Group to the tune of RO 243 million to
contribute to financing climate-resilient flood protection dam projects and
their associated components.

The
signing took place on the sidelines of the 50th Annual Meeting of the Islamic
Development Bank Group’s Board of Governors held in Algeria.

The agreements were signed by Sultan Salem Al Habsi, Minister of Finance, and Dr.
Mohammed Sulaiman Al Jasser, Chairman of the Islamic Development Bank
Group.
Al Habsi also signed a framework memorandum aimed at achieving strategic
cooperation between the two parties and enhancing economic integration with the
Islamic Development Bank Group and member states.
The memorandum covers several areas of cooperation, including infrastructure
development, supporting the private sector, and other fields such as roads,
electricity, water, sanitation, tourism, manufacturing industries and
industrial zones, in addition to human and institutional capacity
building.

—Ends/AG