Muscat: In an effort to fortify the strategic alliance between the National Programme for Fiscal Sustainability and Financial Sector Development, "Estidamah," and the State Street Corporation, a multilateral assembly is scheduled for this Thursday. The assembly will serve as a platform for international partners to deliberate and investigate investment prospects across diverse sectors.
This assembly is a component of the Memorandum of Understanding (MoU) between the parties, with the objective of fostering innovation and development within Oman's financial sector, as well as enhancing cooperation with investors and stakeholders.
A delegation comprising officials and specialists from the Ministry of Finance, Tax Authority, Oman Investment Authority, Central Bank of Oman, and Financial Services Authority, in addition to representatives from various Omani enterprises, will be in attendance.
State Street will be represented by its Chief Executive Officer and Regional Office Director for Oman. Furthermore, a panel of entrepreneurs, investors, and investment fund managers will engage in discussions via video conference.
The assembly will scrutinize the significant achievements in the financial sector and Estidamah's strategy for the development of the financial sector, with a particular focus on green financing and initiatives in the capital market. It will also shed light on investment opportunities in the development of the hydrogen sector, space sector, among others.
The strategic partnership between the National Programme “Estidamah” and State Street is poised to enhance the competitiveness of the financial sector through sustainable green financing and the development of human capital. This alliance is expected to attract foreign investments, thereby bolstering economic growth, promoting innovative financial technology solutions, and facilitating joint training programs to equip national cadres with the requisite knowledge and skills.
