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Bank Muscat, in association with the International Finance Corporation (IFC), has launched Oman’s first Green Finance scheme for environment-friendly homes. The Green Finance scheme will encourage customers to install solar panels on their rooftops and use solar energy for a large part of their household energy requirements. The installation of solar panels will be facilitated through the Sahim renewable energy project of the Authority for Electricity Regulation (AER). The Green Finance scheme is intended not only to reduce energy costs and be environment friendly, but also contribute to reducing dependency on traditional sources of energy like diesel and natural gas thereby creating a sustainable future for the Sultanate. The bank will serve as a lead catalyst in the Sultanate to increase awareness on energy cost reductions and take strategic actions toward sustainability.
Omran announces new investment opportunities at Madinat Al Irfan
Oman Tourism Development Company (Omran) has announced new investment opportunities at Madinat Al Irfan East. The investment opportunities currently available include Omran’s upcoming three-star hotel, Ibis Styles – expected to unlock 282 keys, adjacent to the Oman Convention and Exhibition Centre – as well as a build-and-own commercial office building in Madinat Al Irfan’s Business Park, in which Omran will lease part as its Head Office. The net leasable area of the building would be approximately 16,000sqm.The minimum lot size of investment shall be decided by Omran based on the final number of investors. Prospective institutional investors are requested to submit their Letter of Interest by email to invest@omran.om latest by 31 October 2019.