Wednesday 07 / January / 2026
Muscat: 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.
