MUSCAT: The Sultanate of Oman has taken part in the 2025 Annual Forum of the Opec Fund for International Development (OFID), held in Vienna under the theme “Transformation Empowering Our Future”.
Oman’s delegation, led by Abdullah bin Salim bin Abdullah al Harthy, Under-secretary of the Ministry of Finance, participated in discussions centred on sustainable development financing, economic transformation in developing countries, climate change resilience, and the role of digital innovation in fostering robust economies.
On the sidelines of the forum, Al Harthy met with officials from OFID and other regional and international financial institutions to enhance cooperation.
A significant outcome of Oman’s participation was the signing of two key agreements with OFID. The first agreement will finance the implementation of the Khasab–Dibba–Lima Road Project (Sultan Faisal bin Turki Road), while the second is a five-year framework agreement aimed at deepening collaborative efforts between Oman and OFID.
In addition, a separate financing agreement was signed with the Arab Fund for Economic and Social Development. The agreement supports the first phase of the Surface Water Drainage Project in the Rawdha Economic Zone, Al Buraimi Governorate. The project will provide comprehensive protection for tourism, industrial and agricultural sites by establishing an integrated system of open canals, flood barriers, and water harvesting ponds.
These agreements reflect Oman’s proactive approach to securing strategic infrastructure funding and reinforcing its long-term development goals. — ONA
Oman Observer is now on the WhatsApp channel. Click here
