Issuance of Private Free Zone Regulations
The Public Authority for Special Economic Zones and Free Zones in the Sultanate of Oman has issued the executive regulation of the Law on Special Economic Zones and Free Zones, aimed at improving the investment environment and attracting strategic projects with added value. The regulation focuses on simplifying procedures for allocation and licensing, enhancing the role of a one-stop-shop, and promoting digital transportation of services. It also regulates the protection of buyers’ funds and arrangements for the residency of non-Omani investors. These measures help increase the competitiveness of the economic zones and boost the attraction of both local and foreign investments, supporting the achievement of Oman Vision 2040’s goals for economic diversification.
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