Economic Development Law amendment move gathers steam in Oman

Muscat: The State Council on Wednesday took another step towards amending the Economic Development Law.
The Council discussed the issue at its 14th session of the third annual sitting for the sixth term under the chair of Dr. Yahya bin Mahfoudh Al Mantheri, Chairman of State Council.
The proposal to amend the Economic Development Law issued by Royal Decree No. 9/75, was submitted by the Economic Committee of the Council.
The Council decided to reformulate the proposal as a proposed draft law to replace the current Economic Development Law.
Sheikh Mohammed bin Abdullah Al Harthy, Head of the Economic Committee, said in a statement that, “The Economic Development Law is one of the oldest laws regulating economic and social planning in the Sultanate and has been prepared for a long time. “Therefore, the Committee considered amending it in order to comply with the provisions of Article 44 of the Basic Law of the State and to enable it to contribute to the achievement of the development goals.”
He pointed out that one of the main objectives of the amendment is to review the general provisions of the law.
The State Council and Majlis Al Shura will hold a joint session today to discuss the differences between the two on the draft law of Living Aquatic Resources.