Oman building attractive investment environment

The Government of the Sultanate of Oman has made substantial investments in improving the infrastructure necessary to attract investment. It has developed ports, free zones, road networks, and logistics services, in addition to enacting public–private partnership laws, implementing reforms, and providing further incentives to make Oman an appealing destination for foreign direct investment in the region.

The process of registering property ownership in the Sultanate of Oman is relatively straightforward, involving a limited number of procedures through a partially digital system, supported by clear guidance manuals that help reduce the time required to issue ownership deeds.

Oman has made significant progress in the energy and electricity sectors through the development of a modern network and the introduction of innovative services such as prepaid meters and precise timelines for connecting electricity to new projects.

The launch of 5G networks and the development of the necessary digital infrastructure to support businesses have further strengthened Oman’s competitiveness as an investment destination, backed by strong fundamentals such as security, social stability, and a high standard of living.

A series of integrated digital platforms has also been launched, representing a major advance in real estate and planning services. Among them is the “Amlak” platform, which offers 59 main services and more than 83 sub-services in areas such as urban planning, legal transactions, real estate development, and social housing.

Dr Yousuf Albalushi, economic expert and founder of the Smart Gateway for Consultancy and Investment, said that tangible progress has been achieved in improving the business environment in Oman. He explained that the business environment is by nature dynamic, and therefore efforts to enhance it are ongoing, with considerable scope remaining to make it still more flexible and attractive for both local and international companies.

For his part, Dr Abdulsalam Faraj Yahya, economic expert at the Oman Chamber of Commerce and Industry and a member of the Oman Economic Society, said that Oman has witnessed positive economic transformations through the restructuring of legislation and laws related to the business and investment environment.

Among the most significant are the Foreign Capital Investment Law, the Public–Private Partnership Law, and the Bankruptcy Law.