New Royal decrees aim to boost Oman’s economy | ZAWYA MENA Edition:
Four of the Royal Decrees issued by HM Sultan Qaboos Bin Said on Monday, 1 July, will boost the Sultanate’s economy, making Oman more globally competitive and an even more attractive investment hub, according to the government.
The royal decrees were issued regarding a new Foreign Capital Investment Law, Privatisation Law, Law for Partnership between the Public and Private Sectors, and Bankruptcy Law.
A joint statement released by the Government Cooperation Centre - Ithraa, the Ministry of Finance, and the Ministry of Commerce and Industry read: "These royal decrees come in the framework of the government's continued efforts towards creating an attractive legislative framework for investment in all ways, and to continue to issue and update legislation to keep up with accelerating changes and to serve the Sultanate's future vision goals and to make the country more competitive globally.
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