MUSCAT, 26 January 2011 – BankMuscat, the leading financial services provider in the Sultanate, as part of efforts to strengthen relations with various government authorities, hosted members of the Majlis Ash’shura Economic Committee at the new headquarters. The Bank made a presentation on Oman’s economic outlook and interacted with the Majlis members on the 2011 budget and 8th Five-Year-Plan projections. The interaction reiterated the significant role played by BankMuscat in national development.
Sulaiman Al Harthy, Group DGM – Consumer Banking, said: “BankMuscat is a true partner of the development process encompassing the entire country. The Bank’s involvement in development projects stems from its commitment to the government objectives to diversify the national economy in non-oil sectors, creation of employment opportunities to young educated Omani youth and expansion of industrialisation in the Sultanate.”
BankMuscat plays a key role in facilitating private-public partnership initiatives. A recent example is the advisory board meeting of Vale Columbia Centre on Sustainable International Investment hosted by the Bank at its new headquarters. The meeting on the theme ‘Partnering for Progress’ marked a new beginning for Oman in attracting sustainable foreign direct investment (FDI).
Consolidating its dominant position in launching innovative products and services which spell convenience to customers, the Bank has signed agreements with a number of government entities to introduce electronic card payment facility for government services. The Bank remains committed to serving the community and making a substantial difference to the nation.