Establishment
of Oman Global Financial Centre

Muscat,
6 Jan 2026 (ONA) — The establishment of Oman Global Financial Centre,
approved by the Council of Ministers in its meeting today, marks a calculated
strategic step based on comprehensive studies of global and regional
experiences.

The
establishment of the Centre aims to foster an attractive environment for
investments, commercial banks, and global financial institutions specializing
in commercial and Islamic banking, financial services, insurance, and other
supporting activities. It also seeks to facilitate knowledge transfer and
create more high-quality jobs within the financial sectors.

Sultan
Salim Al Habsi, Minister of Finance and Chairman of the Supervisory Committee
for the Centre’s establishment phase, stated that the Centre will bolster the
financial sector’s role in achieving economic diversification targets. This
initiative integrates with ongoing efforts to develop the financial and
investment sectors in line with Oman’s future aspirations.

In
a statement to Oman News Agency (ONA), the Minister added that the Centre will
serve as an enabling environment offering multiple incentives for investment management,
company formation, and the establishment of commercial partnerships. These
benefits are designed to facilitate the movement of capital and financial
services while supporting financial innovation.

He
further explained that the Centre will leverage Oman’s key strengths, including
its political stability, investment attractiveness, and robust economic
partnerships with countries worldwide.

—Ends/AG