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Strategic meeting to highlight investment prospects in emerging sectors in Oman

30 Oct 2024 By OUR CORRESPONDENT

Muscat – In a move to strengthen the strategic partnership between the National Programme for Fiscal Sustainability and Financial Sector Development, known as ‘Estidamah’, and US-based State Street Corporation, a multilateral meeting will be held on Thursday to discuss investment opportunities across various sectors.

This meeting is part of a memorandum of understanding aimed at innovating and developing Oman’s financial sector while enhancing collaboration with investors and stakeholders.

Officials and specialists from the Ministry of Finance, Tax Authority, Oman Investment Authority, Central Bank of Oman, and Financial Services Authority will attend, along with representatives from several Omani companies.

State Street will be represented by its CEO and Regional Office Director for Oman, with a group of entrepreneurs, investors, and investment fund managers participating via video conference.

The agenda includes a review of key results achieved in the financial sector and Estidamah’s development plan, with a focus on green financing and capital market initiatives.

Investment opportunities in emerging sectors such as hydrogen and space will also be highlighted. This strategic partnership is set to enhance the financial sector’s competitiveness through sustainable green financing, attract foreign investments to stimulate economic growth, promote innovative financial technology solutions, and provide joint training programmes to equip national cadres with essential knowledge and skills.

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