National Bank of Oman (NBO) has awarded a contract for the construction of its new head office building in the Omani capital, said a report.

Omani construction group Al Turki Enterprises is set to handle the project which will be built at Al Athaiba, reported the Times of Oman.

The work on the new building, which will comprise a total built-up area of 50,000 sq m, is likely to be completed in 2017, it stated.

The new building will comprise nine floors, including two basements levels, ground, mezzanine and five upper  floors, providing office space together with a range of supporting facilities.

NBO was the sultanate's first local bank when it was founded in 1973. Today, it is one of the largest institutions in Oman offering financial solutions to fulfil the needs of its customers, the report added.