Oman World Bank has confirmed plans to establish a full country office in Muscat. Finance Minister Sultan bin Salim Al Habsi will formalize the agreement during the 2025 Joint Annual Meetings in Washington D.C. This move marks a major step for Oman World Bank’s presence in the region.
The country office will host the International Bank for Reconstruction and Development, International Development Association, International Finance Corporation, and Multilateral Investment Guarantee Agency. Sultan bin Salim Al Habsi leads a high-level delegation discussing global economic outlook and sustainable development.
During the meetings, Oman World Bank representatives will explore partnerships with international financial institutions and credit rating agencies. They will also review strategies for enhanced cooperation with global banking organizations and the IMF.
The Omani delegation participates in the annual consultation between Arab Finance Ministers and the World Bank President. These sessions focus on economic priorities and development trends across Arab nations. Furthermore, Oman will hold bilateral meetings with international counterparts to strengthen cooperative frameworks.
Officials emphasized that the new office will streamline development financing and technical assistance. It will provide Omani institutions with direct access to World Bank resources and expertise. Experts believe this could improve project implementation efficiency and attract private investment.
The Ministry of Finance stated that Oman World Bank intends to use the office to coordinate funding for sustainable infrastructure and economic diversification projects. This aligns with Oman’s long-term Vision 2040 development strategy.
Finance Minister Al Habsi highlighted the importance of global collaboration. He said, “Our engagement with the World Bank ensures stronger financial partnerships and supports sustainable growth.” His remarks underscore Oman’s commitment to international cooperation.
Analysts note that the country office could raise Oman’s profile in regional financial markets. The initiative may also encourage other nations to seek closer collaboration with global institutions. Furthermore, it signals Oman’s proactive approach to addressing contemporary economic challenges.
Looking ahead, the Omani delegation plans follow-up visits and technical workshops. They aim to ensure effective implementation of World Bank projects and maximize investment outcomes. The office is expected to serve as a hub for knowledge sharing and capacity building.
Oman World Bank’s new presence reflects a growing trend of regional countries strengthening ties with international financial organizations. The move may influence both economic policy and private sector development across the Middle East.
