20 Hrs
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الوطن
Al-Watan Opinion: Law to Strengthen Confidence and Attract Investment
A decision has been issued to implement a regulation related to the Law of Special Economic Zones and Free Zones in the Sultanate of Oman, aimed at enhancing the investment environment and increasing investor confidence. The regulation focuses on comprehensively organizing the investor's journey, starting from land allocation and licensing, passing through operational procedures and incentives, and extending to oversight and compliance, all supported by an electronic system that facilitates transactions and accelerates processing. It also provides a flexible framework for strategic projects, targeting qualitative investment that contributes to knowledge transfer, job creation, strengthening local content, supporting small and medium-sized enterprises, and encouraging exports. The regulation emphasizes protecting investors' rights, particularly in real estate development and ownership, and seeks to transform economic zones into integrated investment communities that support economic diversification and achieve the goals of Oman Vision 2040.
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