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ARTICLE · 24 JULY 2019

Oman Legal Update 1289 - 1297

It was announced on 1 July 2019 that five new pieces of legislation will be issued in Oman, all aimed at attracting foreign investment and improving private sector involvement.

OmanStrategy

It was announced on 1 July 2019 that five new pieces of legislation will be issued in Oman, all aimed at attracting foreign investment and improving private sector involvement. These are:

  1. The Foreign Capital Investment Law (promulgated by SD 50/2019 and repealing SD 102/1994). It will come into effect 6 months after its publication. In the meantime, the Ministry of Commerce and Industry is expected to publish the Executive Regulations.
  2. The Privatisation Law (promulgated by SD 51/2019 and repealing SD /2004), which will come into force on the day following its publication.
  3. The long awaited Law on Public and Private Partnerships (promulgated by SD 52/2019). The Executive Regulations will be published within one year. 

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