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His Highness Sayyid Theyazin emphasizes Oman’s investment potential at IFSWF

His Highness Sayyid Theyazin bin Haitham Al Said, Minister of Culture, Sports and Youth, opened 16th annual meeting of the International Forum of Sovereign Wealth Funds in Oman

TAS News Service

info@thearabianstories.com

Monday, November 4, 2024

Muscat — In a statement during the opening ceremony, His Highness Sayyid Theyazin emphasized Oman’s commitment to global investment standards and sustainable development during the opening ceremony of the 16th annual meeting of the International Forum of Sovereign Wealth Funds.
His Highness described the event as a testament to Oman’s adherence to global standards in governance and sustainability, as well as its commitment to effective wealth management and investment development.

His Highness Sayyid Theyazin remarked, “It is a good omen that this hosting comes while our Sultanate has been able — thanks to God Almighty and the insightful vision of His Majesty — to overcome the paths of economic challenges with steady steps.” He noted that Oman’s successful reclassification to an investment-grade country exemplifies its ongoing stability and openness to global investments.

He further underscored the importance of the meeting as a valuable opportunity to explore Oman’s diverse investment potential, strengthen relationships with sovereign funds from around the world, and build strategic partnerships that align with the ‘Oman 2040’ vision for sustainable development.
This year’s forum brings together leaders and representatives from various sovereign wealth funds, highlighting Oman’s role as a key player in the global investment landscape.

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