MUSCAT: An investor guide  Doing Business in Oman 2022 published by Crowe Oman has been released by His Excellency Eng. Redha Juma Al Saleh, Chairman of Oman Chamber of Commerce and Industry, on Monday at his office. 

Releasing the book Eng. Al Saleh said, “Without rules to regulate the establishment, functioning and dissolutions, modern businesses cannot exist. Well-designed regulations can ensure outcomes that are socially justifiable and is likely to take care of every citizen. The book focuses on regulatory processes in Oman, its laws, rules and regulations while elaborating on the business-friendly environment,” he added.

Speaking on the occasion, Davis Kallukaran Founding and Managing Partner of Crowe Oman said, “The book provides insight and guidance on what a foreign investor would consider for business development and the key factors that will drive emerging opportunities for growth.”

“The last two years have witnessed a great transformation in the history of the Sultanate. The way to the transformation had been drafted in golden letters by laying down a long-term sustainable strategy, Vision 2040 by His Majesty Sultan Haitham Bin Tarik Al Said. His Majesty has identified the true potential and hidden resources of the Sultanate to attract foreign investors and accelerate the economic diversification process through the fast-track,” Kallukaran continued. 

Vision 2040 has laid down in clear terms the direction and growth of the economy which is the vital indicator for the foreign investors planning to enter this market said Dr Khalid Maniar, Founding Partner and Chairman Crowe Mak, UAE. 

“It’s our constant endeavour to support businesses and investors to make the right investment decisions. This book provides a complete overview of the incorporation process of business entities across the various Governorates of Oman and in the free zones,” Dr Maniar added.