Crackdown on hidden trade intensifies in Oman

MUSCAT: The Ministry of Commerce, Industry and Investment Promotion has completed the second phase of implementing its decision to combat hidden trade, targeting small and medium enterprises (SMEs) holding the ‘Riyada’ card, as part of broader efforts to strengthen market regulation and promote fair competition.
The ministry reported that 27,288 commercial registrations were reviewed during this phase. Enforcement measures included the issuance of 409 administrative commitments against non-compliant entities and the temporary suspension of 45 registrations pending corrective action. A total of 696 establishments regularised their status in line with regulatory requirements, achieving full completion of the phase’s targets.
The second phase builds on earlier efforts focused on raising awareness and improving compliance, alongside enhancing coordination among regulatory authorities. This integrated approach has contributed to a more effective oversight framework and enabled more precise enforcement.
Central to these efforts is the National Team for Combating Illicit Trade, which brings together multiple government entities to coordinate roles, align legislative and regulatory actions; and facilitate data-sharing. The collaboration has strengthened the detection of illicit practices and supported timely legal action against violators.
Nasra bint Sultan al Habsi, Director General of Trade at the ministry and head of the national team, said the results reflect the effectiveness of the regulatory measures adopted. She noted that the initiative has enhanced transparency, strengthened compliance and reinforced investor confidence in the market.
Rashid bin Mohammed al Saidi, representing the Small and Medium Enterprises Development Authority, said the focus on ‘Riyada’ cardholders reflects a strategic effort to support SMEs while ensuring adherence to regulatory frameworks. He highlighted ongoing coordination with the ministry to deliver support programmes that enhance competitiveness and sustainability.
Mohammed bin Salem al Hashmi, Director of Commercial Establishments Control, said the outcomes demonstrate the value of institutional collaboration in promoting a transparent and well-regulated business environment. He added that the ministry continues to enhance monitoring tools, expand awareness campaigns and enforce legal measures to curb hidden trade practices.
The ministry affirmed that subsequent phases will be implemented under a structured plan covering a broader range of commercial activities, with continued coordination through the national team to reinforce governance, transparency and long-term market stability. — ONA