Wednesday, October 27, 2021

Oman News

Govt at forefront to create business-friendly environment for investors in Oman: Minister

HE Qais Bin Mohammed Al Yousef says the aim is to make Oman a fully investment friendly destination

TAS News Service

Sunday, September 26, 2021

MUSCAT: The government is working towards creating a friendly atmosphere for both foreign investors and citizens in Oman, Minister of Commerce, Industry and Investment Promotion said.

“We are reviewing several legislation and laws when it comes to running businesses in Oman.
In 2019, the government issued a number of laws, including the new foreign investment law, bankruptcy law, privatization law and partnership law for projects between the public and private sectors. Today we are reviewing all legislations and laws to will help the investor and the citizen alike in improving the business environment,” said His Excellency Qais Al Yousuf speaking in an interview with Al Arabiya TV.

“The environment today is stimulating and there are some incentives for investors. I would like to emphasize every project has its own privacy and we are ready to study any requests from investors and arrive at a set of incentives for them so that they have a good return by investing in Oman. This is the right time to invest in the country. Our aim is to make Oman a fully investment friendly destination,” the Minister added.