We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
Royal Decree 46/76 Establishing the Port Services Corporation,
and Royal Decree 47/81 Issuing the Corporate Income Tax Law,
and in pursuance of public interest,
have decreed as follows
Article 1
The text of article 6 of the mentioned Royal Decree 46/76 is hereby amended to read as follows:
The ownership of all movable property owned by the Port Qaboos Authority and the former Marafi Oman Company are hereby transferred to the Port Services Corporation, provided that all immovable property, including the quay, warehouses, buildings, and yards at the Port Qaboos, hereby remain the property of the state and must be used by the Port Services Corporation in return for the payment of rent and the concession fee, as determined by the government, and corporate income taxes in accordance with the mentioned Royal Decree 47/81, effective from 1 January 1984.
Article 2
The agreement concluded between the Government of the Sultanate and the corporations referred to in article 2 of the mentioned Royal Decree 46/76 is hereby amended, as well as the articles of association of the Port Services Corporation in accordance with the text of article 1 of this decree.
Article 3
This decree must be published in the Official Gazette, and comes into force on the date of its publication.
Issued on: 8 Jumada Al-Thani 1404
Corresponding to: 11 March 1984
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 284 issued on 15 March 1984.