Oman to establish its International Financial Centre following Sultan’s decree

This creates an important pathway toward diversifying the national economy of Oman, strengthening the country’s position as a global hub for financial services, attracting capital, and supporting innovation.

The Centre will be headquartered in Madinat Al Irfan, with the possibility of expansion to other locations.

Under the Law of the International Financial Centre of Oman, issued by Royal Decree No. (8/2026), the Centre will have administrative, financial, and legislative independence. It will develop a regulatory, legal, and judicial framework aligned with international standards and based on English Common Law.

Oman boosts global financial ambitions

The governance of the Centre shall be overseen by the IFC Oman Board, which will be appointed by His Majesty. Three independent entities will operate in accordance with the provisions of the law – the International Financial Centre of Oman Authority, International Financial Centre of Oman Regulator, and International Financial Centre of Oman Dispute Resolution Authority.

This reflects Oman’s commitment to building a trusted and effective ecosystem for delivering advanced financial services that meet the needs of investors and global institutions.

The Centre will seek to attract investments linked to financial activities and supporting sectors through a package of incentives and tax exemptions for a period of up to 50 years.

Abdulsalam Mohammed Al Murshidi, President of Oman Investment Authority, said: “The establishment of International Financial Centre of Oman represents the ongoing efforts to achieve financial stability and economic diversification.

“It reflects the keenness of His Majesty Sultan Haitham bin Tarik to create an attractive investment environment that enhances the Sultanate of Oman’s position as a leading financial hub distinguished by stability, integrity, and efficiency.

“The Centre will feature an innovative and advanced financial services infrastructure and will provide a secure and transparent environment for financial institutions and investors. The aspiration is that it will become a strategic destination and a source of capital inflows.

Mahmood Abdullah AlAweini, Chairman of the Executive Committee of IFC Oman, added: “Following the significant achievements in the financial sector and the tangible improvement in the Sultanate of Oman’s credit rating, the establishment of the International Financial Centre of Oman comes as a continuation of the ongoing efforts in financial sector development.”

His Majesty issues 16 Royal Decrees, including the establishment of the Office of the Deputy Prime Minister for Economic Affairs; creation of the Research and Innovation Authority with its headquarters in the Governorate