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ISTANBUL
Oman has formally established an international finance center in the capital Muscat to attract investment and increase global competitiveness in financial services.
Sultan Haitham bin Tariq Al Said issued a royal decree on Monday to establish the Oman International Financial Centre with the aim of transforming the capital into a hub for international investments, state news agency ONA reported.
With the establishment of the center, Oman is committed to creating a reliable and effective environment with the aim of providing advanced financial services that meets the needs of global investors and institutions.
The center, to be established in the Medinet al-Irfan area of Muscat, could also expand to other locations.
