Oman Prohibits Foreign Investment in 28 New Activities
The recent decision has added 28 activities to the list of sectors exclusively reserved for Omani investors, bringing the total to 123 activities. According to Article 2 of the ministerial decision, any provisions that conflict with this new ruling are nullified.
The decision came into effect on September 2, 2024. It excludes existing investment projects at the time of implementation, which cannot be transferred to others without written approval from the Minister of Commerce, Industry and Investment Promotion or his delegate, as outlined in Article 2 of Ministerial Decision No. (209) of 2020.
Pascale Dona joined Thomson Reuters in 2014 as Content Specialist. In 2007, Pascale graduated from the Lebanese University with a Bachelor’s Degree in Law, then moved to France and completed her Master’s degree in International Law from Nice Sophia Antipolis University. Pascale has more than 10 years of experience as legal Specialist in Lebanon and UAE. She is a native Arabic speaker and proficient in English and French.
Pascale is currently a Senior Legal Editor for Thomson Reuters MENA. She is based in Dubai and is responsible for maintaining and providing the latest legal content for the MENA region.