MUSCAT: His Majesty Sultan Haitham bin Tarik has issued as many as 470 Royal Decrees in the last five years since taking the reins of power in the country.
During the past five years, His Majesty the Sultan has also restructured the State’s Administrative Apparatus and transformed the system of legislation and laws. As a result, the Sultanate of Oman has enjoyed remarkable progress that directly revamped various areas of development.
Experts in legal affairs affirmed that the approach of His Majesty Sultan Haitham was consistent with Oman Vision 2040, designed to keep pace with recurrent developments in the global arena.
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Jamal Salim Al Nabhani, Spokesman of the Ministry of Justice and Legal Affairs, said that the promulgation of modern laws and legislation, since His Majesty’s Accession Day, has shown developments in various aspects of political, social and economic life in the Sultanate of Oman. He added in a statement to Oman News Agency (ONA) that this legislation reflects the developments that countries are going through. The State’s Administrative Apparatus has been restructured in an integrated manner, including public legal entities, through the Royal Decrees issued to define the jurisdictions of these units and approve their organizational structures.
Nabhani explained that the first Royal Decree issued during the era of the Renewed Renaissance was No. 2/2020 amending (Annex No. 3) attached to the Law on State’s Flag, Emblem and National Anthem. It was followed by many Royal Decrees that included the promulgation and updating a large number of laws and legislation in line with the Renewed Renaissance, most notably Royal Decree No. 6/2021 on the promulgation of the Basic Law of the State, which paved the way for a new phase in the stages of building a state of law and institutions in the Sultanate of Oman.
He stressed that the issuance of the Royal Decrees and laws was accompanied by many regulations and decisions of a legislative nature issued by the units of the State’s Administrative Apparatus and other public legal entities. These regulations and decisions stipulate governing and implementing many aspects that were stated in the Royal Decrees and laws. He explained that the laws regulating economic activities in the Sultanate of Oman have received adequate care and attention in updating them in line with the rapid developments witnessed by the country, including the promulgation of the Securities Law, the Labour Law, the Public Debt Law, the Bank Deposit Protection Law, and the Law on the Expropriation for Public Benefit, in addition to restructuring the bodies responsible for regulating economic activities such as the Board of Governors of the Central Bank, the Ministry of Economy, the Ministry of Commerce, Industry and Investment Promotion, and the Financial Services Authority.