MUSCAT: Oman on Wednesday will announce details of granting long-term residency to investors, Ministry of Commerce, Industry and Investment Promotions said.
The details of the long-term residency for a period of five to ten years will be announced.
“The aim is to support integrative efforts to enhance the investment environment in the Sultanate and attract quality investments in accordance with clear and specific controls and a well-studied plan that enhances the investment environment and takes into account the security, legal, social and economic aspects,” Ministry said.
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“The program also aims to attract and promote qualitative investments that contribute to the growth of the domestic product and the national economy, the localization of industries, the transfer of advanced technologies and modern technology, and the promotion of economic diversification sectors,” the statement added.
