Chinese firms keen on investing in Oman’s International Financial Centre: official

AI Summary

Chinese companies show strong interest in investing in Oman’s International Financial Centre, seeking to access lucrative Middle East markets while managing risks. Banks, asset managers, and law firms from China are actively exploring setup opportunities in this free-standing legal zone near the Strait of Hormuz.

Chinese firms have shown “very strong interest” in investing in Oman – across the Strait of Hormuz from Iran – as they aim to tap the lucrative Middle East market while minimising risks, an Omani official said. Banks, asset managers and law firms from China were getting in touch every day to ask about setting up in the International Financial Centre Oman, a free-standing legal zone in the country, the centre’s associate director for business development, Al Hussain al-Qalhati, said. The...