OBG Oman Report to focus on legal reforms

Business Sunday 24/March/2019 16:21 PM
By: Times News Service
OBG Oman Report to focus on legal reforms

Muscat: Oman’s changing legislative framework and its role in supporting the Sultanate’s efforts to diversify the economy will be explored in a new report by Oxford Business Group (OBG).
The Report: Oman 2020 will provide in-depth coverage of the new laws recently implemented and others currently being drafted or awaiting approval, all of which are strengthening the country’s bid to attract new investors and redefine its economic landscape.
Key topics earmarked for analysis include the long-awaited new mining law. OBG’s report will update business leaders on the details and ramifications of the legislation, which aims to enhance the investment and operating environment for industry players, while improving transparency and opening the gateway to a raft of untapped opportunities.
There will also be coverage of the infrastructure projects that Oman plans to roll out to support the expansion of the mining industry.
In separate analysis, OBG’s report will shine a spotlight on the other non-oil sectors of the economy that are ripe for growth, such as tourism, manufacturing, and transport and logistics.
Additional topics examined include the latest developments in Oman’s hydrocarbons sector, with in-depth analysis provided of the Sultanate’s plans for boosting both upstream and downstream activity.
CMS has signed a second memorandum of understanding (MoU) with OBG for the research and publishing firm’s 2020 report on Oman’s economic development and investment opportunities. Under the MoU, CMS will contribute to the Law and Tax Chapters of The Report: Oman 2020.
Ben Ewing, Partner and Head of CMS Oman, said he looked forward to teaming up with OBG to help investors navigate the new mining law and other legislative reforms that were being introduced in line with the Sultanate’s evolving economy.
“The mining industry is currently a key focus for Oman, having been identified as a potential driver of growth in an increasingly diversified economy,” he said.
“The new mining law will be greatly welcomed by all those operating in the industry, since it addresses many of the regulatory shortcomings and, crucially, will centralise permitting processes.”
Dario Medina, OBG’s Editorial Manager in Oman, said he was delighted to have CMS’s experts on board for the Group’s forthcoming report, adding that the diversification drive under way in the Sultanate heightened the need for investors to ensure they were equipped with up to date, accurate information ahead of the decision-making process.
“At Oxford Business Group, we firmly believe that cross-company collaboration with partners who are experts in their field is instrumental in determining the success of our reports,” he said.
“CMS is playing a key role in devising legal and tax strategies for businesses across the sectors to help them in their operations. By combining the firm’s advisory legal expertise with our macroeconomic research background, we are confident of once again providing investors with an unrivalled business intelligence tool.”
The Report: Oman 2020 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. It will be produced with the National Centre for Statistics and Information, Ominvest, the Oman Chamber of Commerce and Industry, and CMS. OBG’s report will be available online and in print.