By the close of September 2025, the Oman Development Bank marked a significant milestone, reaching over OR100 million ($259 million) in its micro-project lending portfolio. This achievement stems from financing more than 20,000 small-scale projects spanning production and service sectors throughout the Sultanate.

This accomplishment signifies a commitment to balanced regional growth. By spreading financial resources across all governorates, the bank effectively translates government policies—spearheaded by the Ministry of Finance—into actionable outcomes.

The Oman Development Bank remains dedicated to empowering individuals and families through self-employment initiatives while furthering the objectives of Oman Vision 2040. This national strategy emphasizes putting citizens at the core of developmental efforts.

Oman Development Bank's Role

The Ministry of Finance plays a crucial role by supporting micro-projects through establishing and backing institutions like the Oman Development Bank. As a national entity focused on productive and service-based ventures, it serves as an executive tool for implementing economic empowerment policies. It ensures that funding is directed towards priority groups to achieve equitable distribution and balanced regional growth.

The bank’s diverse lending portfolio covers several key sectors. The fisheries sector leads with 8,761 loans worth approximately OR38.5 million ($99.6 million). Meanwhile, agriculture and livestock have secured 3,805 loans (19% of total lending), and handicrafts account for another 2,898 loans (10% of total financing).

These sectors play an essential role in maintaining national food security and are deeply embedded within Omani society as traditional professions offering sustainable income sources, particularly vital in rural and coastal areas.

Promoting Startups

The bank maintains its focus on nurturing startups by recognizing that many of Oman’s prominent businesses began as modest ideas realized through early financial support. This approach aligns with governmental ambitions to cultivate innovation and inclusive economic growth throughout the nation.

Oman Development Bank Reaches Landmark in Micro-Project Financing, Supporting Over 20,000 Ventures

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