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The Sultanate of Oman recently held the Oman 2025 Investment Forum in London, an initiative organized by the Ministry of Finance in collaboration with the Ministry of Foreign Affairs. This forum aims to strengthen financial, investment, and economic cooperation between Oman and the United Kingdom, highlighting the significance of bilateral relations.
The event is part of the Strategic Advisory Group (SAG), established in 2018, which seeks to facilitate the coordination of investment strategies and fiscal reforms. In this context, Oman presents a strong fiscal position, as evidenced by foreign direct investment (FDI) reaching $78.8 billion by the end of the second quarter of 2025, representing a 12.8% increase compared to the previous year.
During the opening of the forum, Omani authorities emphasized the progress made in stabilizing public finances and diversifying the country’s economy. Notably, the reduction of public debt was highlighted, decreasing from 68% of GDP in 2020 to 34% in 2024, achieving considerable relief in costs associated with debt servicing.
The head of the Omani delegation, Nasser Al Jashmi, who also chairs the Tax Authority, presented a report on Oman’s financial stability, noting that the UK is currently the leading foreign investor in the Omani economy, accounting for 51.2% of total FDI.
His Excellency Mahmood Al Aweini, Secretary General of the Ministry of Finance, commented that the forum reflects the renewed international confidence in Oman’s economy, emphasizing the UK’s role as a strategic partner in investment initiatives.
Relevant discussions included a focus on financial sector reform by His Excellency Ahmed Al Musalmi, Governor of the Central Bank of Oman. Mulham Al Jarf, Vice Chairman of the Oman Investment Authority, highlighted the growth experienced by the Muscat Stock Exchange since the OIA took control in 2021.
The forum, which was supported by Sohar International Bank and HSBC, brought together prominent representatives from the financial sector who discussed investment opportunities and bilateral collaboration. The next SAG session is scheduled to take place in Cardiff on October 23 and 24, emphasizing the ongoing commitment and enduring financial and economic cooperation between Oman and the UK.
via: MiMub in Spanish
