MUSCAT: The Public Authority for Special Economic Zones and Free Zones (OPAZ) said that the Law on Special Economic Zones and Free Zones, promulgated by Royal Decree No 38/2025, is in line with the efforts undertaken by the Government of the Sultanate of Oman to enhance the investment environment and make these zones more attractive for localising quality projects.
Shaikh Dr Ali bin Masoud al Sunaidy, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), said that the new law aims to enhance investor confidence by unifying the legislative framework and enhancing guarantees, benefits, incentives, exemptions and facilities provided to investors in these zones while granting some additional privileges to strategic projects to boost flexibility and attract quality projects.
Al Sunaidy added that the new law keeps pace with developments in the special economic zones and free zones sector, which would meet the aspirations of investors. The law simplifies and facilitates procedures through a one-stop shop system that issues all approvals, permits, licences and certificates related to economic activities in the special economic zones and free zones. He added that the new law provides effective tools to link tax exemption with the provision of job opportunities, enhancing local content and attracting high value-added projects. — ONA
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