Oman

Oman

Privatisation Law promulgated

01 Jul 2019

On 1 July 2019, Oman's Ministry of Legal Affairs has published Royal Decree No.50/2019, which promulgated the Privatisation Law. The newly proposed Public Authority for Privatisation and Partnership will oversee the implementation of this Law. Key features are: - The law sets out procedures for the launch and award of privatisation projects, as well as guidelines for the privatisation of government facilities.
- It spells out the methodology for the disposal of revenues from privatisation. - Procedures for settling the status of Omani public servants working in projects affected by privatisation or restructuring are outlined as well.

Nature of measure:
  • Liberalization
Type:
  • Entry and establishment (Ownership and control)
Industry:
  • Not industry specific
Inward FDI:
No
Outward FDI:
No
Sources: