Sayyid Thiyab bin Haitham Al-Said, Deputy Prime Minister for Economic Affairs and Chairman of the Board of the Oman International Financial Centre, held the board meeting on Thursday in Muscat with the presence of its members. The meeting aimed to review the latest developments within the legal, regulatory, and operational framework of the centre, as well as to enhance investment attractiveness and create a sustainable and competitive environment to attract investments and international financial institutions.
Legal and Regulatory Developments of the Oman International Financial Centre
During this meeting, the board analyzed and reviewed the latest developments within the legal and regulatory framework of the Oman International Financial Centre. Board members emphasized the importance of continuing efforts to improve investment attractiveness and create a sustainable and competitive business environment. These actions are vital for attracting foreign investments and international financial institutions.
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Strategies and Objectives of the Financial Centre
The Oman International Financial Centre was established under Royal Decree No. (8/2026) and is part of the strategic approaches of the Sultanate of Oman to diversify the national economy and strengthen the country's position as a global centre for financial services. This centre seeks to attract capital and support innovation, which can contribute to sustainable economic growth and the development of the country's financial infrastructure.
Additionally, the board addressed the requirements and challenges ahead in attracting foreign investments and collaborating with global financial institutions, emphasizing the importance of synergy between the public and private sectors in achieving economic goals. Creating a suitable environment for financial and commercial activities can lead to increased confidence among investors and international financial institutions.
At the end of this meeting, Sayyid Thiyab emphasized the board's commitment to continuing the development and advancement of the Oman International Financial Centre and announced that this centre will play a significant role as a key entity in the economic development of Oman, attracting foreign investments and strengthening international cooperation.
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