Gulf News, 6 January 2026: Oman approved the establishment of the Oman Global Financial Centre to boost foreign investment, expand financial services and support long‑term economic diversification.

The Council of Ministers approved the creation of the Financial Centre as part of a wider programme to enhance the investment climate and strengthen the country’s position in regional and global capital markets. The initiative aims to provide a competitive platform for global banks, investment firms and specialist financial institutions, operating within a modern financial, legal and judicial framework aligned with international standards.

The new hub has been developed after extensive reviews of successful international financial‑centre models. It is expected to provide an enabling environment for commercial and Islamic banking, insurance, asset management and related services. The project is also designed to transfer knowledge into the domestic market and create high‑value jobs within the financial sector.

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