Sohar International and Al Mouj Muscat signed a major Oman credit facility deal worth OMR63 million. This agreement marks a big step forward for Oman’s economic future, aiming to boost urban development and long-term national growth.
The strategic financing agreement in Oman highlights how the private sector and financial institutions can collaborate effectively.
It also demonstrates the capacity of Oman’s banking industry to support large-scale and complex developments. As a result, the project can progress more quickly and with greater assurance.
Abdulwahid Al Murshidi, CEO of Sohar International, said the bank proudly backs Oman’s growth. In fact, the bank focuses on bold and visionary projects that help the country grow. As a result, this Oman credit facility supports key national goals.
Moreover, the facility blends term loans with revolving credit. This gives Al Mouj Muscat extra flexibility. It helps fund current projects while preparing for future growth. In this way, the Oman credit facility allows the company to stay competitive and adapt to changing market needs.
Since its launch, Al Mouj Muscat has led the way in mixed-use waterfront development. According to its CEO, Nasser Al Sheibani, this deal confirms the strength of the company’s strategy. He added that the Oman credit facility provides the momentum to support even more progress.
Not only will the project expand housing and retail spaces, but it will also improve hospitality services. As these upgrades take shape, the development will attract more residents and visitors. This, in turn, boosts Oman’s economic future in a direct and visible way.
Furthermore, this agreement reflects the maturity of Oman’s financial system. It shows how smart lending, like the Oman credit facility, helps deliver real, on-the-ground results. Because of strong planning, all parties benefit—investors, banks, and the wider economy.
Sohar International stays focused on value creation. The bank works closely with developers who bring real impact. Through this, they help build jobs and drive diversification. Their financial tools, such as the Oman credit facility, support both people and businesses alike.
Above all, the partnership sets a model for future deals. It proves how aligned goals can bring solid progress. More importantly, it sends a strong signal that Oman’s economic future remains bright and resilient.
This credit agreement goes beyond just funding. It represents trust, growth, and shared ambition. It also confirms Oman’s path toward a more diverse and forward-looking economy.
