Oman Arab Bank Honored for Its Cooperation in Collecting Ministry of Labor Revenues Digitally


Oman Arab Bank Honored for Its Cooperation in Collecting Ministry of Labor Revenues Digitally

Muscat, 14 May 2025.

In confirmation of the strong ties and partnership between the government and private sectors, the Ministry of Labor honored Oman Arab Bank for its distinguished efforts in providing advanced digital payment solutions that contributed to facilitating the Ministry’s revenue collection processes and enhancing the digital transformation of the government services system.

Mr. Mohsen bin Saif Al Ma’amari, the General Director of Administrative and Financial Affairs at the Ministry, handed over the honorary plaque to representatives of Oman Arab Bank, in appreciation of the bank’s effective contribution to supporting the Ministry’s digital system and providing secure and seamless digital payment solutions for beneficiaries.

Mr. Mohsen bin Saif Al Ma’amari stated:

“We value this unique partnership with Oman Arab Bank, which embodies the true integration between the government and private sectors. We have witnessed positive reaction from beneficiaries regarding the ease of use of the digital payment systems provided by the bank, which has contributed to achieving high levels of efficiency and transparency in revenue collection.”

 

Oman Arab Bank is one of the leading banks in providing advanced digital banking solutions that meet the needs of both government and private institutions. The bank recently launched an integrated package of digital commercial banking services specifically designed to support its valued customers from the government and private sectors as well as the Small and Medium Enterprises (SMEs) and enable them to manage their financial operations smoothly and efficiently. These services include:

 

  • The Corporate Mobile Banking app, which allows customers to manage their accounts and conduct financial transactions, including payments, salaries, and approvals, anytime, anywhere, giving business owners greater flexibility in making decisions and executing them quickly.

 

  • Host-to-Host payment solutions, which provide a direct and secure connection between corporate systems and the bank’s payment system, facilitating daily financial transactions and reducing time, effort, and costs.

 

  • The global SWIFTNet system, which enables companies to conduct international financial transactions quickly and securely through a reliable platform for transmitting financial messages and instructions.

 

  • Virtual Account Collection Solutions, which allow organizations to track revenues by project or product by creating dedicated accounts for each payer, enhancing transparency and facilitating cash flow management.

 

Mr. Sulaiman bin Ali Al Hinai, General Manager, Chief Wholesale Banking Officer at Oman Arab Bank, stated: “Oman Arab Bank stands as a key pillar in the Sultanate’s financial landscape, leading the way in empowering both public and private sector institutions through cutting-edge financial solutions and advanced technological support. From the very beginning of the Blessed Renaissance, the bank has played a vital and strategic role in driving this national journey forward. We remain firmly committed to being at the forefront—delivering robust systems and innovative programs that not only enhance operational efficiency but also streamline procedures for all users, citizens and residents alike, in full alignment with Oman Vision 2040.”

Oman Arab Bank reaffirms its continued support for digital payment projects across various sectors, working alongside government institutions to enhance financial innovation and provide smart, secure banking solutions.

 

 

Oman Arab Bank Strengthens its National Vision Through a Strategic Collaboration with Oman Flour Mills to Promote Omani Brands and Raise Awareness on Local Product Excellence

Oman Arab Bank Strengthens its National Vision Through a Strategic Collaboration with Oman Flour Mills to Promote Omani Brands and Raise Awareness on Local Product Excellence

Muscat, 27 May 2025 – In line with its ongoing commitment to forging impactful collaborations across all local sectors, Oman Arab Bank partnered with Oman Flour Mills, one of the Sultanate’s most esteemed food manufacturing companies, to host a special awareness-driven activation at the Bank’s headquarters. This unique collaboration highlighted two of the company’s flagship brands — Dahabi and Al Khamayil — and forms part of the Bank’s broader strategy to promote local innovation and support national industries.

This initiative exemplifies the Bank’s role as a national enabler, going beyond traditional financial support to build bridges between Omani businesses and the wider community. The event served as an interactive educational platform, introducing employees to the heritage, innovation, and quality behind Oman’s most trusted food brands, while reinforcing the importance of supporting homegrown industries in line with Oman Vision 2040.

Oman Flour Mills took the opportunity to present the legacy and strategic role it plays in national food security, alongside the advanced production standards and quality measures that define its diverse product lines. Attendees gained insights into the creation process, sustainability efforts, and the high standards that have positioned Dahabi and Al Khamayil as leaders in the flour and dairy segments.

Commenting on the initiative, Mr. Suleiman Al Hinaai, Chief Wholesale Banking Officer at Oman Arab Bank, said:
“At Oman Arab Bank, we don’t see collaboration with national companies as a choice — it’s a strategic responsibility. Supporting Omani brands means creating platforms for awareness, engagement, and pride. We believe in the power of storytelling, and today’s activation connected our employees directly with the excellence and innovation that define these local brands.”

He added: “This collaboration is a clear reflection of our dedication to fostering a resilient national economy, where Omani businesses have the tools, exposure, and support they need to grow, thrive, and lead.”

Through initiatives like this, Oman Arab Bank continues to serve as a catalyst for sustainable development and a true partner in national progress — amplifying the voice of local businesses and helping to shape a future where Omani-made products are recognized and celebrated both locally and regionally.

 

 

Oman Arab Bank Wins Top Cybersecurity Honor Cybersecurity & Risk Excellence at MEA Finance Awards

Oman Arab Bank Wins Top Cybersecurity Honor Cybersecurity & Risk Excellence

at MEA Finance Awards

Muscat, Oman. 21 May 2025. Oman Arab Bank (OAB) has been awarded Best Cybersecurity and Risk Management Implementation in Oman by MEA Finance at the 2025 Banking Technology Awards. The award recognizes the Bank’s outstanding achievements in securing its digital operations while meeting the highest standards of regulatory compliance and customer trust.

At the core of this achievement, OAB ensures that its cybersecurity practices are not only robust but fully compliant with national governance frameworks. Through its risk-aware security architecture, the Bank dynamically monitors, assesses, and mitigates cyber risks in real time — demonstrating operational integrity across all channels.

In recent years, OAB has implemented an advanced threat detection and response platform with extended detection and response (XDR) and security orchestration, automation, and response (SOAR) capabilities. This has enhanced the Bank’s ability to identify threats in real-time, analyze security events across multiple layers, and respond more effectively to incidents. Additionally, participation in a global vulnerability research initiative has further reinforced the Bank’s defenses against advanced persistent threats and zero-day vulnerabilities.

These technology investments have yielded measurable results, with the Bank achieving its lowest-ever Cyber Risk Exposure Management (CREM) percentage. This translates to fewer incidents, faster response times, and consistent success in cybersecurity audits.

Beyond technology, Oman Arab Bank continues to foster a cyber-resilient culture through targeted staff training, phishing simulations, and executive-level cybersecurity drills, reinforcing the human layer of defense and building long-term organizational resilience.

Mr Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, commented:
“Cybersecurity and risk resilience are no longer back-office functions — they are central to building customer trust and ensuring sustainable growth. This award is a reflection of our technology investment, and also a shared mindset across the Bank that prioritizes vigilance, accountability, and innovation.”

 

The award enhances OAB’s competitive edge, increases media visibility, and supports its mission to attract top talent in banking and cybersecurity. Internally, the recognition energizes teams and affirms the Bank’s commitment to being a secure, forward-looking institution in Oman.

 

 

Under the Patronage of His Excellency Majid bin Said Al Bahri, Oman Arab Bank Promotes Financial Awareness Among Youth in the Sultanate of Oman

Under the Patronage of His Excellency Majid bin Said Al Bahri, Oman Arab Bank Promotes Financial Awareness Among Youth in the Sultanate of Oman

Muscat, XX May 2025 – Oman Arab Bank, in collaboration with the Ministry of Education, has launched its pioneering initiative, Money Adventures for Young Savers, to prepare future generations for financial success. His Excellency Majid bin Said Al Bahri, Undersecretary of the Ministry of Education for Administrative and Financial Affairs, inaugurated the programme during a ceremony at Al-Ula Basic Education School in Al Ghubrah. The event marked the official launch of a nationwide campaign to equip students with essential financial literacy skills, in line with the Ministry’s ‘Khazna’ initiative.

Launched at a pivotal time, Money Adventures for Young Savers aligns with the objectives of Oman Vision 2040 by fostering a financially aware and responsible generation. The programme employs a forward-thinking educational model that combines interactive learning with real-life experiences. Students explore key financial concepts such as earning, saving, smart spending, and charitable giving through age-appropriate activities and engaging, hands-on learning stations.

In its first year, the programme will reach 3,000 students across 50 schools in Oman, with 60 students participating from each school. Organisers will divide students into two groups to maximise engagement and learning outcomes. Seven interactive stations will offer rich educational content and experiential learning opportunities that make financial education accessible and enjoyable.

At the launch, Mr. Sulaiman Al Harthi, CEO of Oman Arab Bank, said, “In today’s rapidly evolving economic landscape, it’s vital to equip young people with the financial knowledge to make informed, responsible decisions. Through Money Adventures for Young Savers, we aim to nurture a new generation that values saving, investing, and prudent financial management. Our collaboration with the Ministry of Education enables us to deliver this impactful initiative and contribute meaningfully to the financial education of Oman’s youth.”

This initiative reflects a strong national partnership. Skilled Omani youth from Oman Arab Bank and the Ministry of Education developed the programme’s educational content, training materials, and interactive tools. Their collaboration highlights a shared commitment to nurturing local talent and investing in educational initiatives that build a solid financial knowledge foundation among students.

The programme will expand to include more schools across the Sultanate, reaffirming Oman Arab Bank’s and the Ministry’s commitment to providing inclusive, high-quality financial education. The goal is to empower all students with the financial skills they need to navigate life confidently and responsibly.

As part of its broader community investment strategy, Oman Arab Bank views financial literacy as a cornerstone of sustainable development. This initiative reinforces the Bank’s role as a proactive contributor to national goals. It supports economic and social progress by helping youth make informed financial choices that positively shape their futures and communities.

Oman Arab Bank Partners with Talabat to Offer Exclusive Weekend Discounts on all orders for Credit Card Holders

Oman Arab Bank Partners with Talabat to Offer Exclusive Weekend Discounts on all orders for Credit Card Holders

 April 2025. Oman Arab Bank (OAB) has announced an exciting new partnership with Talabat, one of the region’s leading online food delivery platforms, to reward its Visa credit card customers with exclusive discounts on their weekend orders. This limited-time campaign is part of OAB’s ongoing efforts to promote local spending and enhance the value of everyday banking for its customers.

From May 1 to May 3 and again from May 8 to May 10, OAB Visa credit cardholders can enjoy a generous 50% discount on all Talabat orders. This all encompassing offer is not only restricted to food items, but is available for every order made on the Talabat app. To avail the offer, customers should use the code: “OAB50” at checkout. It is also worth noting that the maximum discount is OMR 3 per order. And each cardholder can benefit from the discount up to four times during the promotion period.

This strategic collaboration aims to deliver more than just savings — it reflects OAB’s commitment to innovation, convenience, and customer-centric solutions. By aligning with Talabat, a platform deeply embedded in customers’ daily routines, the bank provides added value where it matters most: in their day-to-day lifestyle choices.

Commenting on the initiative, Mr. Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, said, “At OAB, we are constantly looking for new ways to make banking more rewarding for our customers. Our partnership with Talabat not only supports local businesses and spending but also adds tangible value to our cardholders’ everyday experiences. We’re proud to offer them meaningful rewards that align with their daily habits.”

This offer reflects Oman Arab Bank’s broader mission to deliver exceptional benefits and personalized banking experiences through smart partnerships. Customers are encouraged to take advantage of the discount during the two campaign weekends and to explore the full range of value-added services offered through OAB’s credit cards.

Oman Arab Bank and Dar Al Atta’a Partner to Share the Gift of Reading at Muscat International Book Fair 2025

Oman Arab Bank and Dar Al Atta’a Partner to Share the Gift of Reading at Muscat International Book Fair 2025

Muscat. XX May 2025. As part of a leading initiative aimed at instilling the love of reading in the hearts of children and enhancing community interaction, Oman Arab Bank (OAB) has teamed up with Dar Al Atta’a, a leading charity organization in the Sultanate of Oman, for a special book donation campaign at the Muscat International Book Fair 2025. The fair, which was held from April 24 to May 3 at the Oman Convention & Exhibition Center (OCEC), served as a hub for book lovers, authors, and cultural enthusiasts alike.

This year, OAB introduced an exciting opportunity for visitors to make a meaningful impact. A dedicated book donation box was set up at the fair near Gate 3, opposite the OAB booth. The bank invited all visitors to bring along their gently used books and donate them to the initiative. These books were then to be distributed to children across Oman to provide them with the tools to embark on their own journeys of discovery and imagination.

Commenting on the initiative, Mr Sulaiman Al Harthi, CEO of Oman Arab Bank, said, “We believe that reading opens doors to endless possibilities. This initiative is a testament to our commitment towards the communities we serve. By partnering with Dar Al Atta’a, we have not only helped instill the joy of reading into the hearts of young readers, but we also gave back to the community in a meaningful way. Through this initiative we hoped to inspire a generation of young readers; those same who will shape the future of our country.”

The collaboration between OAB and Dar Al Atta’a reflects the bank’s ongoing efforts to make a positive social impact. The book donation initiative is just one of the ways OAB supports educational and social causes, alongside its broader role in the digital transformation of Oman’s banking landscape.

OAB’s participation as Official Banking Partner of the book fair was also aligned with its commitment to enhancing the visitor experience through cashless transactions using the OAB SoftPOS system at every book stall. Visitors were able to conveniently tap-to-pay to make quick and secure purchases.

The Muscat International Book Fair served as a platform to promote cultural exchange and learning. Oman Arab Bank’s involvement this year was a step towards fostering a society that values education, and knowledgeable empowerment.

Under the Patronage of His Excellency Majid bin Said Al Bahri, Oman Arab Bank Promotes Financial Awareness Among Youth in the Sultanate of Oman

Under the Patronage of His Excellency Majid bin Said Al Bahri, Oman Arab Bank Promotes Financial Awareness Among Youth in the Sultanate of Oman

Muscat, XX May 2025 – Oman Arab Bank, in collaboration with the Ministry of Education, has launched its pioneering initiative, Money Adventures for Young Savers, to prepare future generations for financial success. His Excellency Majid bin Said Al Bahri, Undersecretary of the Ministry of Education for Administrative and Financial Affairs, inaugurated the programme during a ceremony at Al-Ula Basic Education School in Al Ghubrah. The event marked the official launch of a nationwide campaign to equip students with essential financial literacy skills, in line with the Ministry’s ‘Khazna’ initiative.

Launched at a pivotal time, Money Adventures for Young Savers aligns with the objectives of Oman Vision 2040 by fostering a financially aware and responsible generation. The programme employs a forward-thinking educational model that combines interactive learning with real-life experiences. Students explore key financial concepts such as earning, saving, smart spending, and charitable giving through age-appropriate activities and engaging, hands-on learning stations.

In its first year, the programme will reach 3,000 students across 50 schools in Oman, with 60 students participating from each school. Organisers will divide students into two groups to maximise engagement and learning outcomes. Seven interactive stations will offer rich educational content and experiential learning opportunities that make financial education accessible and enjoyable.

At the launch, Mr. Sulaiman Al Harthi, CEO of Oman Arab Bank, said, “In today’s rapidly evolving economic landscape, it’s vital to equip young people with the financial knowledge to make informed, responsible decisions. Through Money Adventures for Young Savers, we aim to nurture a new generation that values saving, investing, and prudent financial management. Our collaboration with the Ministry of Education enables us to deliver this impactful initiative and contribute meaningfully to the financial education of Oman’s youth.”

This initiative reflects a strong national partnership. Skilled Omani youth from Oman Arab Bank and the Ministry of Education developed the programme’s educational content, training materials, and interactive tools. Their collaboration highlights a shared commitment to nurturing local talent and investing in educational initiatives that build a solid financial knowledge foundation among students.

The programme will expand to include more schools across the Sultanate, reaffirming Oman Arab Bank’s and the Ministry’s commitment to providing inclusive, high-quality financial education. The goal is to empower all students with the financial skills they need to navigate life confidently and responsibly.

As part of its broader community investment strategy, Oman Arab Bank views financial literacy as a cornerstone of sustainable development. This initiative reinforces the Bank’s role as a proactive contributor to national goals. It supports economic and social progress by helping youth make informed financial choices that positively shape their futures and communities.

 

Oman Arab Bank Powers a Cashless Experience at Muscat International Book Fair 2025

 

Oman Arab Bank Powers a Cashless Experience at Muscat International Book Fair 2025

Muscat. 28 April 2025. Oman Arab Bank (OAB) is proud to announce its role as the Official Banking Sponsor of the Muscat International Book Fair 2025, taking place from April 24 to May 3 at the Oman Convention and Exhibition Center (OCEC). One of the most anticipated cultural events in the Sultanate, the book fair attracts thousands of visitors annually, celebrating literature, learning, and creativity. This year’s edition was inaugurated under the auspices of H.E. Dr. Fahad bin Al-Jalanda Al Said, President of Sultan Qaboos University, with H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Ruler of Sharjah and Member of the UAE Supreme Council, attending as the esteemed Chief Guest.

As part of its sponsorship, OAB is enabling a fully cashless shopping experience at the fair through the deployment of its innovative SoftPOS payment solution. All book stalls will be equipped with OAB’s tap-to-pay technology, offering visitors a seamless and secure way to complete their purchases using cards or smart devices.

Commenting on the bank’s active role in the book fair, Mr Sulaiman Al Harthi, CEO of Oman Arab Bank, stated, “Our involvement with the Muscat International Book Fair reflects our continued commitment to supporting cultural initiatives while showcasing practical, customer-focused innovations. Through SoftPOS, we’re creating a modern and convenient payment experience that matches the forward-thinking spirit of the event. We’re not only proud to sponsor the fair but to actively enhance how people interact with it.”

In addition to powering payments, OAB will be hosting an interactive booth at the venue, where visitors can explore the bank’s innovative products and services. Key highlights include Idikhar, the intuitive monthly saving plan. Idikhar is a smart and flexible savings solution offering attractive returns of up to 4.5% p.a., designed to help customers achieve their long-term financial goals.

Additionally, the bank will showcase the Youth Accounts; accounts tailor made for the younger generation to promote financial literacy and independence from an early age. The booth will also feature family-friendly activities, exclusive giveaways, and on-the-spot offers for new customers.

OAB’s sponsorship of the Muscat International Book Fair 2025 is part of its broader strategy to promote digital transformation and community engagement across Oman. By blending culture with convenience, the bank aims to highlight how technology can support and enhance meaningful experiences. Oman Arab Bank invites everyone to visit the fair, go cashless with OAB SoftPOS, and explore how the bank continues to innovate in service of its customers and community.

OAB Showcases Its Initiatives to Support Entrepreneurs at Chamber Meeting

 

OAB Showcases Its Initiatives to Support Entrepreneurs at Chamber Meeting

 

 

Muscat: As part of its ongoing support for the small and medium enterprises (SMEs) sector, Oman Arab Bank (OAB) participated in a meeting of the SMEs Committee at the Oman Chamber of Commerce and Industry. The discussion focused on enhancing collaboration and developing banking solutions to support entrepreneurs and business owners.

OAB’s team presented its innovative initiatives for SME growth, including the “Tumouhi” program, which provides comprehensive financial services and credit facilities. The program is supported by an integrated digital platform accessible via online and mobile banking—the first of its kind in Oman—designed to meet the evolving needs of entrepreneurs. Additionally, the bank offers electronic payment solutions, including point-of-sale systems and mobile payments. OAB also runs a nationwide training program, featuring workshops on financial literacy and financial planning skills.

Commenting on the meeting, Sulaiman Al Harthi, CEO of OAB, stated: “We are pleased to have been invited to this meeting by the SMEs Committee of the Oman Chamber of Commerce and Industry. Our participation reaffirms our commitment to supporting this vital sector and contributing to sustainable development in Oman. We are confident that OAB’s programs and initiatives will continue to foster a thriving business environment, supporting the private sector and entrepreneurs while paving the way for their growth, expansion, and success.”

He added: “OAB’s financial services and financing products are in high demand among SME owners, reflecting notable growth in our SME financing portfolio. The bank places great emphasis on understanding business needs, continuously innovating to provide tailored financial solutions for all customer segments. SMEs now represent a significant part of our client base—an achievement we take pride in. Through this, OAB remains committed to excellence in Oman’s banking sector and plays a pivotal role in supporting the private sector while advancing Oman’s Vision 2040 to empower SMEs as engines of economic growth, development partners, and sustainable sources of employment.”

OAB continues to develop innovative initiatives for SMEs, including the recent launch of a dedicated digital financial solutions platform for entrepreneurs. Additionally, “Tumouhi” program has evolved into one of Oman’s leading SME support initiatives, offering a comprehensive platform for financial services, training, and exclusive benefits. The program’s workshops focus on corporate governance, compliance, and strategies to navigate business challenges, ensuring the long-term sustainability of SMEs.

“At OAB, we recognize the vast potential and ambitions of entrepreneurs and their invaluable contributions to Oman’s economy. We are committed to providing all necessary support to strengthen this role and expand our partnerships in line with Oman Vision 2040’s objectives of diversification and sustainability,” Al Harthi added.

Sheikh Rashid Al Maslahi, First Deputy Chairman of the Oman Chamber of Commerce and Industry, emphasized the importance of this sector, which the Oman Chamber of Commerce and Industry pays special attention to due to its vital role in sustainable development. He also commended the tangible role played by OAB in developing the SME sector through its financial programs and initiatives that facilitate business growth. He emphasized that the banking sector remains the primary source of funding for development projects.

Al Maslahi stated: “OAB’s innovative and high-impact initiatives have played a crucial role in supporting entrepreneurship in Oman, empowering SMEs to launch and expand their businesses. The bank’s ‘Tumouhi’ program, in particular, has become a benchmark for SME growth, offering financial solutions, an integrated digital platform, and training programs for entrepreneurs across all governorates.”

Hosting OAB aligns with the Chamber’s initiative to expand partnerships with the banking sector and showcase successful financing models for SMEs, a key driver of economic growth that represents the majority of private-sector businesses in Oman.

 

OAB Sponsors the Inspirational “Safar” Tour for Dialogues with Visionary Leaders

OAB Sponsors the Inspirational “Safar” Tour for Dialogues with Visionary Leaders

 

Muscat – Oman Arab Bank (OAB) is sponsoring the inspirational “Safar” tour, which was relaunched in April. The tour features a series of dialogue sessions with prominent Omani leaders and thinkers who share real-life experiences and enrich conversations around visionary thinking, innovation in leadership, and paving the way toward achieving the objectives of Oman Vision 2040.

The tour kicked off with its first session at the Middle East College Theater in Muscat Governorate, followed by the second at the Sultan Qaboos Youth Complex for Culture and Entertainment in Salalah. The final session will be held at the Sohar University Theater. The sessions are moderated by Mohammed Al Hinai, founder of the youth podcast Jalsat Karak, a platform that promotes creativity in Oman’s cultural landscape.

The tour features distinguished guests, including Dr. Hani Al Qadhi, Senior Consultant in General and Trauma Surgery, Visiting Professor at the University of British Columbia in Canada, and Director General of Health Services in Dhofar Governorate. Also featured is Dr. Lamya Al Haj, Associate Professor at Sultan Qaboos University and PhD holder in Biology from University College London. Recognized as one of the leading young scientific figures in Oman and globally, she has made significant contributions in technology, education, and community service, and has been honored with numerous prestigious regional and international awards.

Sulaiman Al Harthi, Chief Executive Officer of OAB, stated:“OAB is proud to sponsor the inspirational ‘Safar’ tour, a prominent cultural event in the Sultanate of Oman. Our participation reflects the Bank’s commitment to contributing meaningfully to the social and economic objectives of Oman Vision 2040. The innovative perspectives shared by these distinguished Omani leaders are catalysts for transformation and a powerful source of inspiration for youth, empowering them to lead the country toward its ambitious goals.”

He added: “Our involvement in such purposeful programs and events reaffirms OAB’s dedication to strengthening community engagement, particularly among the youth. As a well-established financial institution in the Sultanate, the Bank continues to develop and support initiatives that align with the goals of sustainable development and contribute to economic growth.”

OAB further reinforces its leadership in driving the banking sector toward comprehensive digital transformation and innovation in financial solutions that elevate customer experience. The Bank is proud of the success of its innovative services and the positive impact of its flagship programs—Ruwad Al Arabi and National Leadership Development—in supporting the goals of Oman Vision 2040. These initiatives aim to enhance skills, develop national talent, stimulate innovation, boost the competitiveness of Omani youth in the job market, and support SMEs in growing, expanding, and launching projects that promote sustainability and economic diversification in the country.