Market Forces In Oman: The New Competition Law

Earlier this year the Competition Protection and Control of Monopoly Law ("Competition Law") was passed in the Sultanate of Oman under Royal Decree No. 67 of 2014.

The purpose of the Competition Law is clear: to open up markets in Oman to growing players and reduce the effect that larger market players have on prices and flow of products and services. Its aim is also clear: to reduce the exploitative forces on consumers occasionally imposed by holders of significant market power. 

Key areas addressed by the Law

Readers of the Competition Law will draw similarities with equivalent legislation adopted by other members of the Gulf Co-operation Council and with Articles 81 and 82 of the EC Treaty Establishing the European Community.  The Competition Law governs the following practices: