IFC Oman has announced the appointment of its Board of Directors by Royal Order from His Majesty Sultan Haitham bin Tarik, may Allah protect him.

The Board will be chaired by His Highness Sayyid Theyazin bin Haitham Al Said, Deputy Prime Minister for Economic Affairs, and represents the highest institutional authority within IFC Oman. The appointment marks an important milestone in the Centre’s development and further reinforces its strategic role within Oman’s evolving economic and investment landscape.

As a key component of Muscat’s New Downtown, IFC Oman is positioned to play a central role in supporting the Sultanate’s long-term ambitions for economic diversification, business growth, and international investment. The Centre enjoys a strategic location adjacent to Muscat Hills Golf Club and within close proximity to The Boulevard by Muscat Hills, one of the largest completed mixed-use destinations in the district, located just four minutes away. Together, these developments contribute to a growing ecosystem that combines commerce, hospitality, lifestyle, and connectivity within a single urban corridor.

The appointment of the Board reflects the importance of IFC Oman as a catalyst for future growth and institutional excellence. Under the guidance of His Highness Sayyid Theyazin bin Haitham Al Said, IFC Oman is expected to further strengthen its position as a cornerstone of Muscat’s New Downtown and a driver of sustainable economic development.

As the district continues to mature, Muscat’s New Downtown is increasingly emerging as the capital’s primary growth corridor, bringing together major public and private sector investments in a connected, future-focused urban environment.