State Street’s Gulf expansion adds Oman

State Street and Saudi Arabia’s Jadwa Investment are expanding their offerings in Oman, aligning with Muscat’s efforts to develop its capital markets and attract foreign firms. State Street, which manages $5.6 trillion globally, is also establishing a regional presence in the Gulf, including a regional headquarters in Riyadh and hiring in the UAE. Oman has created the Oman International Financial Centre to attract foreign companies and benefits from improved public finances and a strategic position during the Iran war.