Oman’s Council of Ministers has approved the establishment of the “Oman Global Financial Centre” to drive economic diversification and strengthen the financial sector’s contribution to GDP.
The centre will operate with legislative, administrative, and regulatory autonomy, creating an attractive environment for commercial banks, Islamic banking institutions, insurance firms, and financial services providers. It aims to facilitate knowledge transfer and generate high-quality employment through a legal and regulatory framework aligned with international standards.
Sultan bin Salim Al Habsi, Minister of Finance and Chairman of the Financial and Economic Committee, said the centre will enhance the financial sector’s role in achieving economic diversification goals and support the development of Oman’s investment landscape.
Al Habsi noted that Oman will leverage its political stability, investment attractiveness, and global economic partnerships to position the centre competitively.
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