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The Ministry of Health in the Sultanate of Oman has signed two cooperation agreements with the Development Bank and Bank Muscat to strengthen partnerships between the public sector and financial institutions for the empowerment of investment in the healthcare sector. The goal is to increase the proportion of locally manufactured healthcare products to 30% over the next three years and to reduce imports, which currently cover 91% of the market. These steps come in response to Oman Vision 2040, aiming to enhance the resilience of the healthcare sector and achieve sustainable development through the financing of 230 loans in the sector since 2023, with a focus on building national capabilities and stimulating local healthcare industries.
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