Government Efforts:

The future trajectory of the Sultanate’s major cities draw inspiration from the economic and social objectives outlined in Oman Vision 2040. In the forthcoming phases of our nation’s development, the central emphasis will be on achieving sustainable growth within the various governorates, encompassing enhancements in infrastructure, government services, and public amenities. This overarching goal is geared toward elevating the standard of living for Omani citizens.

In perfect harmony with Oman Vision 2040, Oman Housing Bank aspires to a strategic vision that actively contributes to this development agenda. The bank achieves this by providing access to subsidized housing finance across all governorates of the Sultanate, grounded in the belief that individual prosperity is intricately linked to the prosperity of communities and institutions alike.

The Government Of Oman has steadfastly strived to improve the quality of life for diverse segments of society. Aiming to ensure a modern and high-quality lifestyle for all. Among the government’s top priorities is the housing sector, evident in its provision of subsidized housing finance to citizens through Oman Housing Bank. Over the last 46 years OHB has provided subsidized housing finance to over 56 thousand families with a value exceeding 1.5 Billion Omani Rials.

Oman Housing Bank’s growing activity and its increasing contribution to expediting development in the Sultanate are clearly visible and quantifiable. This is evident  in the rising number of loans extended to citizens, as well as the continuous growth in the housing  loan portfolio, as indicated by financial results. These metrics not only underscore the bank’s unwavering commitment to its mission of empowering citizens to access supported financing for affordable housing, fostering the growth of the construction and development sectors.

Advancing Development Across All Governorates:

The future vision for the major cities in the Sultanate is inspired by the economic and social goals of Oman Vision 2040. In the next phase of the Oman's urban planning strategy, the focus will be on achieving sustainable development for the governorates covering infrastructure, government services, and public facilities. This is aimed at ensuring an advanced standard of living for Omani citizens.

Fostering Sustainable Social Welfare:

All government institutions in Oman are dedicated to the overarching objective of establishing sustainable social welfare for Omani citizens. This pursuit of economic growth and societal well-being adheres to a comprehensive framework of national, economic, and legal regulations that promote progress and adapt to the ever-changing demands of the modern era.

The notion of social welfare encompasses a set of concerted efforts and policies aimed at enhancing the quality of life for individuals within society. This is achieved through the provision of essential services and support at various levels, all while striking a harmonious balance between the economic and social needs of both individuals and the broader community.

In pursuit of this fundamental principle, Oman Housing Bank has steadfastly offered supported housing financing since its inception in 1977. This commitment ensures that every citizen has a secure place to call home, thus contributing significantly to their social and economic well-being, all in alignment with the objectives outlined in Oman Vision 2040.

Economic Diversification:

Economic diversification stands as a foundational principle for achieving sustainable development. It entails diversifying not only in terms of goods, services, and products but also extends to supply chains and networks. Oman Housing Bank plays a pivotal role in actively promoting economic diversification through in the subsidized housing financing which has a direct impact on various productive sectors.

This concerted effort results in a multifaceted web of economic linkages among different production sectors. Consequently, it directly contributes to Oman’s Gross Domestic Product (GDP), fosters value addition for employers, broadens income streams, bolsters the investment landscape, and spurs capital circulation – all of which are indispensable in bolstering the national economy.

In adherence to the Royal directives of His Majesty Sultan Haitham bin Tarik and with a strong commitment to providing efficient solutions aimed at expediting lending processes and reducing waiting times for eligible citizens in need of subsidized housing financing, Oman Housing Bank has initiated strategic partnerships with various banks operating within the Sultanate. These cooperative agreements have been formalized to streamline the application process, bridging the gap between application submission and the approval of housing finance.

Through this collaborative effort, citizens on the waiting list will gain access to housing finance options offered by partnering banks. This process is facilitated by the Iskan program, seamlessly integrated with a dedicated electronic platform designed to simplify the process through flexible steps. Within this platform, citizens can readily provide the necessary data and documentation, comprehend their role in the process, and select the bank from which they wish to receive their sudsidized housing finance, all in accordance with the conditions set by Oman Housing Bank.

This collective endeavor is aptly named 'Iskan,' symbolizing the shared aspiration of citizens to secure their own homes and the shelter that guarantees a dignified life.