Chinese banks, asset managers and law firms eye Oman’s new financial hub
Chinese firms are actively seeking to set up operations in Oman’s International Financial Centre, attracted by its location and perceived neutrality.
An Omani official said Chinese banks, asset managers and law firms have been contacting the International Financial Centre Oman daily to explore establishment opportunities. The centre, a free-standing legal zone in Muscat, is slated to open early next year. Investors cite the centre’s distance from the Strait of Hormuz and its neutral stance amid regional tensions as key advantages for accessing the Middle East market.
Why it matters
The interest signals Oman’s growing role as a gateway for Chinese capital into the Middle East, diversifying its economy and reducing reliance on regional trade routes.
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