The Deputy Chairman of Oman’s Shoura Council, Mohammed Al Ghassani has suggested Oman is considering plans to allow foreigners to buy property outside of integrated tourism complexes if they meet certain conditions. The aim would be to boost the housing market and the economy. Foreigners can currently only buy property in defined tourism communities.
Oman’s Government is considering adopting a governance structure as part of plans to open the door for Public Private Partnership (PPP) projects in the Sultanate. A new PPP law has already been drafted and is likely to be enacted soon. It could adopt some of the existing bodies and functions under the existing Privatisation Law. It also sets out a legal framework for the procurement of PPP projects in the country.