12,212 SME projects get the nod from Oman Development Bank

Al Mudhabi: A total of 12,212 projects and Small and Medium Enterprises (SMEs) worth OMR53,691,836 in all economic sectors were approved by Oman Development Bank (ODB) at Al Sharqiyah South and Al Sharqiyah North during 2004 to 2013.

Fisheries-related projects and SMEs ranked first in terms of number with 8,563 loans approved by the ODB, accounting for OMR26,322,575. This was followed by 2,479 loans for livestock and agriculture adding to a total of OMR11,777,582. 

Health and education
Health and education services projects funded by the ODB came third in terms of number and total worth, with 335 projects being financed to the tune of OMR3,652,825.


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