Workshop addresses draft Commercial Law, Commercial Registry Law
Muscat: Oman Chamber of Commerce and Industry (OCCI), in cooperation with the Ministry of Commerce, Industry, and Investment Promotion, organised a workshop to discuss the draft Commercial Law and Commercial Transactions Law, as well as the draft Commercial Registry Law.
This initiative falls within the OCCi efforts to strengthen partnerships between the public and private sectors in developing the legislative environment for the business sector in the Sultanate of Oman.
The workshop aimed to present and discuss the key features of the two draft laws, review proposed amendments, and gather feedback and suggestions from private sector representatives.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Observer
an hour ago
- Observer
Oman advances diverse energy portfolio: EDO
MUSCAT, JUNE 4 Oman is set to undergo a major transformation in its energy sector over the next decade, with plans for broad-based expansion across both hydrocarbons and renewable energy sources, according to a key executive of the Sultanate of Oman's pivotal energy industry. Mazin Rashid al Lamki, CEO of Energy Development Oman (EDO)—the wholly government-owned energy sector holding company—said the evolving strategy reflects global energy shifts while maintaining a strong commitment to domestic needs and export potential. In an interview featured in the latest Oman-focused edition of Oxford Business Group (OBG), Al Lamki noted that nationwide assessments of the country's energy resources, currently nearing completion, indicate a 'stronger-than-expected' potential in oil and gas. Together with assessments of Oman's solar and wind capacity, a picture is emerging of a balanced energy mix catering to both domestic demand and exports. 'Overall, we are moving toward a more diversified and integrated energy portfolio. Once it reaches commercial scale, you will see Oman expanding oil, gas, renewables, and green hydrogen. It is not a transition away from hydrocarbons, but a strategic broadening to meet domestic needs and seize export opportunities in an evolving global energy landscape,' Al Lamki stated. In line with this strategic direction, renewable resources are targeted to account for 30% of electricity production by 2030—a figure that could rise to 40–45%, according to current indicators. Hydrocarbon production is also expected to grow in response to sustained global demand, he noted. Al Lamki also emphasized the need for greater investment in the country's energy infrastructure to meet the ambitious renewable energy targets by 2030. 'Oman must expand its electricity infrastructure to meet the 2030 renewable energy target. Today's grid is designed for 11 GW of capacity, but by 2030 we expect that figure to rise to 35–40 GW. This requires investment in transmission and distribution infrastructure,' he said. One key area of focus, he added, is the development of common-use infrastructure to support both green hydrogen and renewable energy projects—a move that would help lower costs and maximize efficiency. 'Public-private partnerships (PPPs) will be key to this process. We are looking at PPP models to support grid expansion, particularly in the northern regions. Existing oil and gas transport infrastructure may be adapted to move hydrogen and desalinated water. Coordinated planning across electricity, water, and hydrogen infrastructure will be essential—and shared investment models will make that feasible,' he explained. When asked about potential sources of foreign direct investment (FDI) to support Oman's energy infrastructure, Al Lamki cited countries in Asia and Europe as particularly promising. 'These countries are seeking reliable, long-term supplies of both clean and conventional energy, and Oman stands out as an appealing partner due to its geopolitical stability, rich resource base, and clear commitment to energy diversification,' he said. Affiliated with the Ministry of Finance, EDO owns 60% of the Block 6 concession operated by Petroleum Development Oman (PDO), 100% of Block 6's non-associated gas concession, and 100% of Hydrogen Oman (Hydrom), the master planner of the Sultanate's green hydrogen industry.
Times of Oman
6 hours ago
- Times of Oman
Agreement signed to develop integrated bus public transport hub in Al Buraimi
Muscat - Al Buraimi Governorate and Mwasalat Company today signed a cooperation agreement to develop an integrated bus public transport hub in the Al Uqda Al Shamaliyah area of Al Buraimi Governorate. The project includes the development of a modern, integrated transport station spanning 56,000 square meters. The station will feature an eco-friendly design, offering intercity and intracity passenger transport services, along with advanced facilities such as a smart taxi station, a micro-mobility station, air-conditioned waiting halls, dedicated bus bays, transport operator offices, retail outlets, logistics facilities, and parking spaces for both cars and buses. The agreement was signed under the auspices of Eng. Khamis Mohammed Al Shamakhi, Undersecretary of the Ministry of Transport, Communications, and Information Technology for Transport. Dr. Hamad Ahmed Al Busaidi, Governor of Al Buraimi, signed the agreement on behalf of the governorate, while Eng. Badr Mohammed Al Nadabi, CEO of Mwasalat, signed on behalf of the company. The agreement aims to enhance public transport infrastructure in the governorate and improve road transport services in line with Oman Vision 2040. It stipulates that Mwasalat will serve as the technical arm of the project, responsible for developing design standards, overseeing implementation, and operating and managing public transport facilities upon completion. Meanwhile, the governorate will allocate the necessary budget for infrastructure and facilitate administrative and regulatory procedures, including land-use adjustments and designating the station as the exclusive hub for mass transit services in the governorate. The Governor of Al Buraimi stated that the establishment of an integrated bus transport hub in the governorate will serve a large segment of public transport users and boost economic indicators. He noted that there are approximately 12 daily bus trips on the Muscat-Al Buraimi route, in addition to the route between Muscat and Abu Dhabi in the UAE, which passes through Al Buraimi Governorate. For his part, Eng. Badr Mohammed Al Nadabi, CEO of Mwasalat, explained that the agreement includes investment aspects, with a tender to be issued for investment in the station's development. Implementation is expected to begin within the next three months, with completion targeted within three years.
Times of Oman
8 hours ago
- Times of Oman
Europcar Oman & Bahrain Strengthen Commitment to Employee Development at Intro Week 2025 in Paris
At Europcar Oman & Bahrain, we believe that taking care of our people goes far beyond the workplace. Whether it's through modern, employee-centric facilities like our Energise Lounge, Wellness Lounge, and collaborative workspaces, or by offering continuous learning opportunities, we are committed to creating an environment where our team can thrive. As part of this commitment, senior team members are nominated each year to attend the Intro Week induction program at Europcar Mobility Group's global headquarters in Paris. In 2025, Europcar Oman and Bahrain once again demonstrated their dedication to professional development by actively participating in Intro Week 2025, hosted by the Partner Development team at Europcar Mobility Group in Paris. This immersive three-day program brought together franchisees from around the world, creating an invaluable opportunity to connect with core teams, exchange ideas, gain strategic insights, and foster stronger global partnerships. Representing Europcar Oman and Bahrain this year were Mr. Sathyaraj Sellappah and Mr. Proloy Ganguli, two respected members of our leadership team. 'At Europcar Oman and Bahrain, we believe our people are our greatest asset,' said Nitin Sapre, CEO. 'We are fully committed to investing in their development, well-being, and global exposure. Programs like Intro Week allow our teams to align with Europcar's international vision and bring back insights that help elevate our service standards.' Over the years, every member of the management team has been nominated to attend this flagship program, a key initiative in our Continuing Professional Development (CPD) roadmap. This reinforces our commitment to nurturing future-ready leaders who can drive innovation and operational excellence in their respective markets.
