Oman, 11 April, 2025 : Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) has announced the issuance of the Special Economic Zones and Free Zones Law, aiming to enhance the country’s investment climate and attract high-quality projects.
Royal Decree No 38/2025, issued by His Majesty Sultan Haitham bin Tarik, establishes a unified legislative framework that provides benefits, incentives, exemptions, and facilities to economic activities within these zones. The law also includes additional privileges for strategic projects to increase their appeal to investors.
Chairman of OPAZ, H E Dr Ali bin Masoud al Sunaidy, highlighted that the law introduces a one-stop-shop system for issuing approvals, permits, and licenses, simplifying procedures for businesses. It also links tax exemptions to employment generation, promotes local content, and encourages high value-added projects.
The law also allows real estate developers to offer residential units for sale under the ‘freehold’ system within special economic zones, contributing to the revitalization of these areas by attracting more residents and enhancing public services.
Source : www.zawya.comRelated Posts
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