Oman Introduces New Foreign Capital Investment Law (FCIL) Listing 70 Prohibited Activities

Oman Introduces New Foreign Capital Investment Law (FCIL) Listing 70 Prohibited Activities

The Omanis Ministry of Commerce and Industry, (MOCI) issued the Executive
Regulations of the new FCIL in June 2020 which specified provisions relating registration of the foreign investment projects including benefits available to specified projects and land allocation for investment and business purposes and, an inspection of the projects by the Omani regulatory authorities.