Oman holds workshop to review foreign capital investment law
Muscat: The Ministry of Commerce, Industry, and Investment Promotion in collaboration with the Oman Chamber of Commerce and Industry, organized a workshop to assess and review the Foreign Capital Investment Law, as part of ongoing efforts to enhance the investment climate and attract foreign direct investments.
The ministry is working to align Oman's investment framework with regional and global economic shifts, aiming to position the Sultanate as a leading hub for foreign investment. This includes flexible legislation, strategic incentives, and sustainable economic growth initiatives.
The workshop addressed key challenges and opportunities related to the law's implementation, reviewed incentives and facilities offered to investors, and explored ways to create quality job opportunities and expand the economic base. Discussions also focused on closing existing legal gaps and attracting high-value investments.
Participants examined past initiatives, including the launch of the 'Invest in Oman' lounge, the reduction of commercial registration fees for foreign investors, the removal of minimum capital requirements, and the Investor Residency Program, which provides special entry pathways for investors.
Nasima bint Yahya Al Balushi, Director General of the Investment Services Center, emphasized that the ministry is committed to reviewing and improving the investment environment in line with global economic developments, ensuring Oman remains a preferred destination for investors.
Meanwhile, Tahira bint Sultan Al Ameriya, Director of the Business Facilitation and Development Department, highlighted the importance of identifying areas for improvement in Oman's business environment and closing legislative gaps to align with market demands and national workforce development.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Times of Oman
39 minutes ago
- Times of Oman
Oman participates in International Labour Conference in Geneva
Geneva: The Sultanate of Oman on Tuesday participated in the 113th session of the International Labour Conference in Geneva, in addition to related GCC coordination and expanded meetings. During the conference, a draft resolution was endorsed by the International Labour Organisation (ILO) to modify Palestine's membership status from "liberation movement" to "non-member observer state", besides recognising Palestine's right to full participation in the ILO meetings. During the conference, the Sultanate of Oman actively contributed to the adoption of the ILO's draft resolution on amending the membership status of Palestine. The step affirmed Oman's commitment to support the legitimate rights of the Palestinian people and promote the principles of justice in international forums. At a GCC-ILO coordination meeting held on the sidelines of the ILO conference, the Sultanate of Oman's delegation contributed to the discussion of key topics on the agenda, including a report by the ILO Director-General and a draft programme on budget for the period 2026-2027. The delegation also coordinated GCC stands on a number of technical issues released for discussion during meetings of specialized committees. In addition, Oman participated in an expanded meeting that included production parties in GCC states. During the meetings, Oman voiced its steadfast commitment to back tripartite dialogue and unify GCC stands towards the technical items listed on the agenda of the 113th session of the ILO conference. The meeting discussed key topics related to the "work environment" and its challenges. The discussion covered the draft convention on tasks related to "digital platform economy", ways of protection against biological risks in the workplace, innovative approaches and other aspects of the labour market.
Times of Oman
39 minutes ago
- Times of Oman
Project for biogas and bio-CO2 production launched in Oman
Muscat: Oman Environmental Services Holding Company "be'ah" and OQ Trading have signed a cooperation agreement to develop a national project focused on producing biogas (biomethane) and bio-carbon dioxide through processing organic waste at landfills and future biofacilities managed by be'ah. This collaboration aims to transform environmental challenges into promising economic opportunities by utilizing approximately 20 million cubic metres of biogas extracted from these sites – comprising roughly 40% biomethane (renewable fuel) and 60% bio-CO₂ for sustainable industrial applications. The agreement establishes a roadmap for technical-economic feasibility studies, infrastructure assessment, and commercial marketing opportunities for project outputs, creating promising local investment opportunities aligned with Oman Vision 2040 goals. Both companies emphasised that this partnership represents an integrated model of national collaboration between energy and environmental sectors, combining be'ah's waste/resource management expertise with OQ Trading's global energy capabilities to reinforce Oman's position as a regional clean energy hub. Engineer Tariq Ali Al Amri, CEO of be'ah, stated that the project marks a new milestone in energy recovery from organic waste through sustainable methods, converting environmental challenges into developmental and economic opportunities. He noted biogas and bio-CO₂ production will reduce emissions, support Oman's net-zero goals, enhance waste management efficiency, and provide alternative energy sources. Said Talib Al Maawali, OQ Trading's Middle East Executive Director, described the project as an attractive opportunity to diversify Oman's energy mix in line with 2050 carbon neutrality targets and global trends toward sustainable, low-carbon energy solutions. He considered this initiative a strategic nucleus that will stimulate further waste-to-energy investments and enhance clean energy value chains.
Times of Oman
an hour ago
- Times of Oman
Oman, Bahrain explore strengthening trade and investment cooperation
Muscat: Faisal Abdullah Al Rowas, Chairman of the Board of Directors of Oman Chamber of Commerce and Industry (OCCI), on Tuesday received Abdulla Adel Fakhro, Minister of Industry and Commerce of the Kingdom of Bahrain. The two sides discussed ways to enhance trade and investment cooperation between Oman and Bahrain, expanding opportunities for private sector partnerships in both countries through joint ventures and knowledge exchange, contributing to bilateral relations and economic integration. The meeting also reviewed opportunities in key economic sectors of mutual interest and explored mechanisms to activate the private sector's role in establishing joint projects that support economic development in both nations. Al Rowas emphasised the significant progress in economic relations between Oman and Bahrain, expressing hope that this meeting would lead to further initiatives boosting trade and investment cooperation while opening new avenues for business owners in promising economic sectors. He highlighted the private sector's pivotal role in driving future cooperation through strategic partnerships and high-quality projects that align with both countries' development visions—"Oman Vision 2040" and "Bahrain 2030"—while praising the efforts of the Oman-Bahrain Investment Company and the Oman-Bahrain Friendship Society in strengthening bilateral ties. The meeting was attended by several OCCI board members, executive officials, and representatives from both sides.
