HM Sultan Qaboos bin Said issues five royal decrees

Muscat: His Majesty Sultan Qaboos bin Said issued five royal decrees on Monday.

Royal Decree 50/2019 issued the Foreign Capital Investment Law, which aims to alter the protection that foreign investors have in Oman and the regulation governing foreign investment.

Royal Decree 51/2019 issued the Privatisation Law.

Royal Decree 52/2019 issued the Law for Partnership Between the Public and Private Sectors.

Royal Decree 53/2019 issued the new Bankruptcy Law, which aims to protect all parties involved when a company goes bankrupt.

Royal Decree 54/2019 establishes the Public Authority for Privatisation and Partnership and its structure.