Oman Arab Bank (OAB) and First Carbon Investments (FCI) have formalized a Memorandum of Understanding (MoU) aimed at expediting the introduction of innovative clean technologies across the Middle East and North Africa (MENA) region. Expressing enthusiasm about the collaboration, Sulaiman Al Harthi, CEO of OAB, highlighted the partnership’s significance in steering sustainable energy system transitions. He emphasized the joint effort’s potential to catalyze positive impacts on the energy sector, global communities, and specifically, the populace of Oman. The MoU between OAB and FCI signifies a pivotal step forward for Oman’s clean energy and sustainability sector. Leveraging their expertise and resources, both entities are positioned to significantly accelerate the implementation of new clean technologies, poised to replace fossil fuels.

Source: The North Africa Journal December 18, 2023 16:59 UTC