The Ministry of Finance of Oman, along with the Central Bank of Oman (CBO), the Environment Authority, and the Oman Carbon Neutrality Center, held an introductory tour in the British capital, London, to showcase the Sultanate of Oman's readiness for green financing and its sustainable financial framework.
Tour Led by Senior Officials
This delegation was led by Mahmoud Abdullah Al-Awaini, Secretary General of the Ministry of Finance, with the presence of several experts from relevant institutions. The main objective of this tour was to review the latest developments in the financial and economic performance of the Sultanate of Oman.
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In this context, discussions were held regarding the government's efforts in environmental, social, and corporate governance (ESG) and the strategic plan to achieve carbon neutrality. These discussions provided an opportunity to exchange views on the challenges and opportunities facing Oman in the field of sustainable investment.
Introduction of the Sustainable Financing Framework
Additionally, during this tour, Oman's sustainable financing framework was introduced, and investment and financing opportunities for green and sustainable projects in various sectors were examined. These actions contribute to promoting the transition towards a low-carbon economy in line with the goals of "Oman Vision 2040."
The implementation of this tour is part of the Ministry of Finance's efforts in collaboration with relevant institutions to expand the investor base and attract foreign investments. These actions are designed to support Oman's economic and environmental development goals.
It is noteworthy that the Ministry of Finance of Oman launched the sustainable financing framework in January 2024. This framework is recognized as the first of its kind in the Gulf Cooperation Council countries and aligns with the principles of the International Capital Markets Association. Additionally, this framework has received an SQS2 rating of "Very Good" from Moody's. The framework includes 14 eligible categories for financing.
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