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Landmark measures to strengthen Oman s global investment appeal

BUSINESS REPORTERMUSCAT, JAN 7The Sultanate of Oman is exerting unremitting efforts to promote and attract foreign investments by updating many laws.

Z ufarSultanate of omanAl hinaiAbdullah al hinaiSultan al habsiyyaAl shuaibiAl yousefMohammed al yousefCouncil of ministersPetroleum development companyNama groupNational investment strategyMinistry of commerceInformation technologyFast track initiativeCompanies law

Oman s FDI up 10% to RO18 14bn

Oman’s unremitting efforts to attract foreign investments into the sultanate are paying dividends with the volume of foreign direct investments (FDI) going up by 10.4 per cent to RO18.14bn till Q3 of 2022, compared to the same period in 2021.

Mohammad al youssefMinistry of commerceFast track initiativeCompanies regulationsNational negotiation teamNational programme for investmentDevelopment nazdaherNational investment strategyInvestment promotionRoyal directivesHis majesty sultan haithamNational programmeExport developmentForeign capital investment lawCommercial companies regulationsCompetition protection

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