International Financial Centre of Oman established by royal decree

A royal decree establishes the International Financial Centre of Oman, aligning with the country's strategy to diversify its economy and strengthen its role as a global financial services hub.

The Sultanate of Oman has established the International Financial Centre of Oman by royal decree. The move is presented as part of broader strategic directions to diversify the national economy and strengthen Oman’s position in global financial services. Authorities say the centre is intended to attract capital and support innovation. The creation is also described as a commitment to building a trusted and effective ecosystem for advanced financial services that meet the needs of investors and global institutions. Key points: - A royal decree establishes the International Financial Centre of Oman. - The initiative aligns with Oman's strategy to diversify the national economy. - The centre is described as intended to strengthen Oman’s position as a global financial services hub. - It is presented as a measure to attract capital and support innovation. - The centre is framed as building a trusted and effective ecosystem for advanced financial services serving investors and global institutions. Summary: The establishment is intended to support economic diversification and to enhance Oman’s standing in international finance. Undetermined at this time.