Oman Strengthens Position as Regional Investment Hub with Legal Reforms and Economic Incentives
Muscat, The Gulf Observer: The Sultanate of Oman has reinforced its position as a leading regional hub for foreign investment, driven by comprehensive legal reforms, strategic incentives, and sustainable economic policies that have simplified investment procedures and enhanced confidence among international investors.
Since the enactment of the Foreign Capital Investment Law and the Public-Private Partnership Law in 2020, Oman has emphasized its openness to business while advancing economic diversification in line with the objectives of its “Oman 2040” vision. These measures have contributed to attracting more foreign direct investment within a secure and business-friendly legal framework.
The launch of the “Invest Easily” platform by the Ministry of Commerce, Industry and Investment Promotion in 2016, and its integration in 2023 into the “Oman Business” platform, has created a unified digital gateway for all government services. This has streamlined business registration, improved access to incentives such as tax and customs exemptions, and significantly reduced the time required for completing transactions.
Oman has also focused on emerging sectors such as renewable energy and green hydrogen, aiming to generate approximately 30 percent of its electricity from renewable sources by 2030. The provision of 99-year usufruct rights for foreign investors, applicable in industrial and integrated tourist projects, has further strengthened the country’s investment appeal.
Foreign investors have praised the Sultanate’s regulatory environment and economic reforms. Davis Kallukaran, Managing Partner of Crow Oman and Vice Chairman of the Foreign Investment Committee of the Oman Chamber of Commerce and Industry, highlighted the transparency and clarity of Omani investment laws. He noted that the Foreign Capital Investment Act provides investors with confidence and clarity regarding government priorities, legal protections, and potential challenges. Kallukaran also observed that corporate tax policies have positively influenced investments by improving infrastructure and the standard of living.
The government’s commitment to renewable energy, exemplified by the establishment of Hydrogen Oman – Hydrom and the allocation of around 50,000 square kilometres for green energy projects, provides a strategic advantage for international investors.
Syed Fayyaz Ali Shah, Chairman of the Syed Fayyaz Group, emphasized that Oman’s new investment laws promote a strong legal framework, encourage public-private partnerships, and foster long-term economic growth, while Ahmad Subhani, CEO of Falcon Group, noted that allowing 100 percent foreign ownership in special economic zones has been pivotal in enhancing investor confidence.
Sivakumar S, Managing Director of Novell Muscat International, highlighted that the Foreign Capital Investment Act and the Public-Private Partnership Law address key investor concerns, providing long-term certainty for industrial and infrastructure projects. Anthony Ghazi Al-Helou, CEO of Al-Sarouj Construction, praised Oman’s digital transformation, noting that business procedures that previously took weeks can now be completed in a single day, enabling investors to focus on growth and innovation.
Oman’s combination of strategic location, clear legal framework, digital infrastructure, and economic vision positions the Sultanate as a competitive and sustainable destination for long-term foreign investment across sectors including tourism, logistics, fisheries, mining, healthcare, technology, creative industries, and renewable energy.
With continued reforms, incentives, and a focus on sustainability, Oman is emerging as one of the most promising investment destinations in the region, offering high returns and long-term economic stability.
