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Oman sets up foundation to channel energy sector funds into social projects...
29 Sep, 2025 09:20 89 min read
Oman has established a new Development Foundation for Social Responsibility in the Energy Sector. Launched with an initial capital of at least RO1 million, it will be funded by mandatory contributions from energy companies as per their concession agreements. The foundation will finance initiatives in education, local community infrastructure, SME support, and youth development. Its governance will be managed by a Board of Directors appointed by the Minister of Energy and Minerals. The aim is to direct energy industry resources towards targeted social and economic development programs.... More