Published on 13-Mar-2019
The new Commercial Companies Law comes at a time the Sultanate of Oman is preparing for 2040 vision which focuses on enabling the private sector to take the lead in the production process and effectively contributing to the growth of the economy and creating employment opportunities for the citizens. Thus, the development of the legislative structure and creating investment friendly environment within this vision which aims to make the Sultanate of Oman attractive and encouraging to the local and foreign investment. The role of the Government will be complementary and supportive to the role of the private sector. It is an auspicious coincidence to issue this significant law at this time.