Bank Nizwa promotes rise of logistics industry in Oman

Bank Nizwa has demonstrated its support of the rise of the logistics industry in Oman.
Bank Nizwa has demonstrated its support of the rise of the logistics industry in Oman.

Bank Nizwa recently showed its support of the growing logistics and transportation industry in Oman by sponsoring the South Al Batinah Logistics Hub Forum.

The forum highlighted the potential impact these two industries could have on the sultanate's economy and discussed the new Barka-based integrated logistics facility, including both its development and opportunities for investment.

"Since the introduction of Islamic Finance in Oman, Bank Nizwa has been experiencing increased local, regional and global interest in leveraging the available liquidity pool of sharia-compliant funds," Ashraf Al Nabhani, general manager of corporate support at Bank Nizwa, said. "Therefore, it is important for us to support such events to showcase the benefits associated with our innovative and tailored solutions, while further cementing Bank Nizwa's role as the bench mark of Islamic banking excellence."

At the forum, Bank Nizwa talked about numerous sharia-compliant financing packages available for those interested in investing in logistics and transportation sectors. A blueprint released last year stated that the combined industries are expected to create 300,000 jobs and add more than $36 billion to the economy over the next 25 years.

Bank Nizwa is Oman's first dedicated Islamic bank. It provides a variety of banking solutions for individuals, small and medium-sized enterprises, corporations and financial institutions. Its corporate offerings include Murabaha financing, Ijara financing, trade finance and project finance.

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