We, Haitham bin Tarik, the Sultan of Oman
after perusal of the Basic Statute of the State,
Royal Decree 59/96 Establishing the Public Authority for Investment Promotion and Export Development,
and the System of the Administrative Apparatus of the State promulgated by Royal Decree 75/2020,
and in pursuance of public interest,
have decreed as follows
Article I
The name of the “Ministry of Commerce and Industry” is hereby amended to the “Ministry of Commerce, Industry, and Investment Promotion,” and its competences are hereby determined in accordance with the attached Annex 1.
Article II
The organisational structure of the Ministry of Commerce, Industry, and Investment Promotion is hereby adopted in accordance with the attached Annex 2.
Article III
All allocations, assets, rights, obligations, and holdings of the Public Authority for Investment Promotion and Export Development and the Competition Protection and Monopoly Prevention Centre are hereby transferred to the Ministry of Commerce, Industry, and Investment Promotion.
Article IV
The employees of the Public Authority for Investment Promotion and Export Development and the Competition Protection and Monopoly Prevention Centre are hereby transferred to the Ministry of Commerce, Industry, and Investment Promotion with their same financial grades.
Article V
The phrases “Ministry of Commerce and Industry”; “Public Authority for Investment Promotion and Export Development”; and “Competition Protection and Monopoly Prevention Centre” wherever they occur in laws and royal decrees are hereby replaced with the phrase “Ministry of Commerce, Industry, and Investment Promotion.”
The phrases “Minister of Commerce and Industry”; “Chairman of the Board of Directors of the Public Authority for Investment Promotion and Export Development”; “Executive President of the Public Authority for Investment Promotion and Export Development”; “Chairman of the Board of Directors of the Competition Protection and Monopoly Prevention Centre”; and “Executive President of the Competition Protection and Monopoly Prevention Centre” wherever they occur in laws and royal decree are hereby replaced with the phrase “Minister of Commerce, Industry, and Investment Promotion.”
Article VI
The Public Authority for Investment Promotion and Export Development and the Competition Protection and Monopoly Prevention Centre are hereby abolished, and all that is contrary to this decree, or in conflict with its provision is hereby repealed.
Article VII
This decree shall be published in the Official Gazette, and comes into force on the date of its issuance.
Issued on: 28 Dhu Al-Hijja 1441
Corresponding to: 18 August 2020
Haitham bin Tarik
Sultan of Oman
Published in Official Gazette 1353 issued on 19 August 2020.
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