Saturday 10 / May / 2025
Muscat: The Ministry of Commerce, Industry, and Investment Promotion in collaboration with the Oman Chamber of Commerce and Industry, organized a workshop to assess and review the Foreign Capital Investment Law, as part of ongoing efforts to enhance the investment climate and attract foreign direct investments.
The ministry is working to align Oman’s investment framework with regional and global economic shifts, aiming to position the Sultanate as a leading hub for foreign investment. This includes flexible legislation, strategic incentives, and sustainable economic growth initiatives.
The workshop addressed key challenges and opportunities related to the law’s implementation, reviewed incentives and facilities offered to investors, and explored ways to create quality job opportunities and expand the economic base. Discussions also focused on closing existing legal gaps and attracting high-value investments.
Participants examined past initiatives, including the launch of the “Invest in Oman” lounge, the reduction of commercial registration fees for foreign investors, the removal of minimum capital requirements, and the Investor Residency Program, which provides special entry pathways for investors.
Nasima bint Yahya Al Balushi, Director General of the Investment Services Center, emphasized that the ministry is committed to reviewing and improving the investment environment in line with global economic developments, ensuring Oman remains a preferred destination for investors.
Meanwhile, Tahira bint Sultan Al Ameriya, Director of the Business Facilitation and Development Department, highlighted the importance of identifying areas for improvement in Oman’s business environment and closing legislative gaps to align with market demands and national workforce development.
She stressed that enhancing the business climate requires coordinated efforts with other government entities to ensure a smooth and encouraging experience for foreign investors.
