LONDON: The Sultanate of Oman, represented by the Ministry of Finance in cooperation with the Foreign Ministry, held the 'Oman Investment Forum 2025' in London on Tuesday, with the aim of strengthening financial, investment and economic cooperation between the two sides.
The forum seeks to boost investor confidence in Oman’s financial position by showcasing success stories and the policies and structural reforms implemented to achieve fiscal balance and sustainability. It also outlines the government strategies and policies in the financial, investment and economic sectors, alongside projects and initiatives designed to enhance Oman’s investment attractiveness.
In the opening session, Nasser bin Khamis al Jashmi, Chairman of the Tax Authority and Head of the Omani delegation to the Strategic Advisory Group (SAG), delivered a presentation titled 'Pathways to Oman’s Financial Stability', outlining key fiscal measures and reforms that have underpinned stability and strengthened investor confidence. He underscored the role of the Oman-UK partnership as a driver of long-term economic stability.
Al Jashmi said: “The historical Oman-UK relations stand as a pillar of friendship and shared prosperity. This forum is a testament to the strong and enduring partnership between our two countries within the framework of the Strategic Advisory Group (SAG). The UK is currently the largest foreign investor in Oman’s economy, accounting for 51.2 per cent of total FDI, which emphasises the importance of this forum in enhancing the growth of investments between the two countries and global investment collaboration.”
Mahmood bin Abdullah al Aweini, Secretary-General of the Ministry of Finance and Supervisor of the National Programme for Fiscal Sustainability and Financial Sector Development (Estidamah), delivered a presentation titled 'Oman’s Economic Transformation Journey: From Stability to Prosperity', in which he discussed the impact of structural improvements and economic diversification initiatives on attracting investors.
Al Aweini said: “This forum showcases the renewed international confidence in Oman’s economy and financial strength, with the presence of leading financial institutions and investment funds. This event comes after a bold journey of achievements in the public finance reform, which led to milestones in developing its financial system and managed to turn financial challenges into successes. The UK has been and continues to be a key strategic partner in achieving our mutual investment and economic interests. As we are heading into a diversified, competitive and sustainable future, we look forward to continuing to strengthen this partnership towards the prosperity of both nations.” He stated that “the public debt-to-GDP ratio fell from 68 per cent in 2020 to 34 per cent in 2024, which reduced debt service costs by more than 12 per cent from their peak levels since 2020.” - ONA
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