A Royal Decree has been issued by His Majesty Sultan Haitham bin Tarik, may God protect and preserve him, confirming the establishment of the International Financial Centre of Oman (IFC Oman) and approving its dedicated legal framework.
The launch of IFC Oman forms part of Oman’s broader economic agenda focused on diversification, strengthening its international financial profile, attracting global investment and encouraging innovation. The Centre also highlights the Sultanate’s dedication to creating a credible and effective financial ecosystem that supports the evolving needs of global investors and institutions.
In accordance with Royal Decree No. (8/2026), which promulgates the Law of the International Financial Centre of Oman, the Centre will operate with full administrative, financial and legislative independence. It will implement a comprehensive regulatory, legal and judicial system aligned with international standards and underpinned by English Common Law.
Strategic oversight will be provided by the IFC Oman Board, appointed by His Majesty the Sultan, which will guide the Centre in achieving its objectives. Additionally, three independent entities will function under 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 carrying out its responsibilities independently.
IFC Oman will be headquartered in Madinat Al Irfan, with flexibility to expand to other locations in the future. The Centre will offer a package of incentives and long-term tax exemptions of up to 50 years to attract investments related to financial activities and supporting sectors.
In the initial stage, focus will be placed on developing the regulatory and legislative infrastructure, engaging with stakeholders, attracting targeted companies and legal experts, and establishing the operational systems required to commence full operations 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.
