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Royal Decree

Royal Decree 97/2020 Amending the Name of Ministry of Commerce and Industry to the Ministry of Commerce, Industry, and Investment Promotion, Determining Its Competences, and Adopting Its Organisational Structure

2020/97 97/2020

Arabic

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

Royal Decree 35/2012 Promulgating the System of the Public Authority for Investment Promotion and Export Development

Royal Decree 11/2017 Determining the Competences of the Ministry of Commerce and Industry and Adopting Its Organisational Structure

Royal Decree 2/2018 Establishing the Competition Protection and Monopoly Prevention Centre and Promulgating Its System

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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