His Majesty Sultan Haitham bin Tarik, may God protect and preserve him, has issued a Royal Decree formally establishing the International Financial Centre of Oman (IFC Oman) and introducing a standalone legal framework to govern its operations.
The creation of IFC Oman supports the Sultanate’s long-term strategy to diversify the national economy, enhance its global standing as a financial services hub, attract foreign capital and foster innovation. This initiative also demonstrates Oman’s commitment to building a reliable and efficient ecosystem capable of delivering advanced financial services that meet the expectations of international investors and institutions.
Under the Law of the International Financial Centre of Oman, enacted through Royal Decree No. (8/2026), the Centre will enjoy full administrative, financial and legislative autonomy. It will operate under a modern regulatory, legal and judicial system aligned with international best practices and grounded in English Common Law principles.
Oversight of the Centre will be the responsibility of the IFC Oman Board, appointed by His Majesty the Sultan, which will supervise the Centre’s progress and strategic direction. In parallel, three independent bodies will function in accordance with the law: the International Financial Centre of Oman Authority, the International Financial Centre of Oman Regulator, and the International Financial Centre of Oman Dispute Resolution Authority, each exercising its duties independently.
The Centre’s headquarters will be located in Madinat Al Irfan, with provisions allowing future expansion to other areas as required. IFC Oman will attract financial and related investments by offering a range of incentives and tax exemptions extending for up to 50 years.
During the next phase, efforts will focus on developing the necessary legislative and regulatory structures, engaging key stakeholders, attracting companies and legal professionals, and establishing the operational foundations needed to begin full-scale activities later this year.
Statement by H.E. Abdulsalam Mohammed Al Murshidi, President of Oman Investment Authority.
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 the Centre will become a strategic destination and a source of capital inflows, contributing to the realization of Oman’s vision of strengthening the concept of economic diplomacy and stimulating economic diversification.
Statement by H.E Mahmood Abdullah AlAweini, the Chairman of the Executive Committee of IFC Oman
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 on-going efforts in financial sector development, and contributes to achieving Oman Vision 2040 objectives through economic diversification, investment attraction, and foster global partnerships.
IFC Oman brings together a compelling set of competitive advantages that reinforce its role as a premier destination for companies and investor, which offers competitive costs, high responsiveness and regulatory agility for establishing businesses, and reliable services that enable access to global markets.
Together with our strategic partners, we aim to work towards bringing this ambitious vision into reality and confidently look ahead to the bright future awaiting IFC Oman.