We, Qaboos bin Said, the Sultan of Oman
after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,
and after presentation to Majlis Oman,
and in pursuance of public interest,
have decreed as follows
The attached Foreign Capital Investment Law shall apply.
The Minister of Commerce and Industry shall issue the executive regulation of the attached law within a period not exceeding 6 (six) months from the date of its entry into force, and shall also issue the necessary decisions for the implementation of its provisions, and until they are issued, the decisions in force shall continue to operate to the degree that they do not contradict with its provisions.
The benefits, incentives, and guarantees granted to investment projects existing at the time of entry into force of the attached law shall continue until their terms expire, in accordance with the laws and agreements derived from them.
The Foreign Capital Investment Law promulgated by Royal Decree 102/94 is hereby repealed, as well as every provision contrary to the attached law or in conflict with its provisions.
This decree shall be published in the Official Gazette, and comes into force after the lapse of 6 (six) months from the date of its publication.
Issued on: 27 Shawwal 1440
Corresponding to: 1 July 2019
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 1300 issued on 7 July 2019.