Sultan Haitham bin Tarik has issued a Royal Decree establishing the International Financial Centre of Oman (IFC Oman) and enacting its dedicated law.

The move aligns with Oman’s strategic objectives to diversify the national economy, strengthen its position as a global financial hub, and support innovation.

Under Royal Decree No. (8/2026), IFC Oman will operate with administrative, financial, and legislative independence, developing a regulatory, legal, and judicial framework based on English Common Law.

Governance will be overseen by the IFC Oman Board, appointed by the Sultan.

Three independent entities, the IFC Oman Authority, IFC Oman Regulator, and IFC Oman Dispute Resolution Authority, will operate in accordance with the law.

Headquartered in Madinat Al Irfan, with potential expansion to other locations, the Centre will seek to attract investments through incentives and tax exemptions for up to 50 years.

The initial phase will focus on establishing legislative and operational frameworks, engaging stakeholders, and preparing for full operations within the year.

Abdulsalam Mohammed Al Murshidi, President of Oman Investment Authority, said:

“The establishment of International Financial Centre of Oman represents ongoing efforts to achieve financial stability and economic diversification. It reflects the keenness of Sultan Haitham bin Tarik to create an attractive investment environment that enhances Oman’s position as a leading financial hub distinguished by stability, integrity, and efficiency.”

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