Amanah launches solar power investment project for Oman mosques
Company is said to have inked an agreement with a SME that’s specialised in the field
The Amanah Waqf Funds Management Company (AWFMC) has launched an initiative to transform mosques into environment-friendly buildings powered by solar power, and plans to utilise the surplus energy to generate more revenue towards the Waqf establishment.
According to a report by the Oman News Agency, the initiative is a strategic approach meant to open inroads by supplying endowment projects with solar power.
The next step is to proceed with other enterprises that generate social and environmental benefits.
CEO Engineer Yousef bin Ali Al Harthy pointed out that the initiative fits with Oman Vision 2040 and the global green buildings trend. The sultanate, with its year-round sunshine provides a great opportunity for sustainable solar projects, he added.
“The Amanah project revolutionises the concept of investment and energy production. Besides transforming mosques into smart, green and self-funding buildings, the new project opens vistas for new types of Waqf generating revenue in a similar, but more sustainable manner than traditional Waqf projects,” explained Al Harthy.
The initiative is said to stand among the strategic choices undertaken by Amanah Investments to found socioeconomic quality projects that generate employment opportunities for Omani youth, the report added.
