Oman's Ministry of Legal Affairs has published Royal Decree No 50/2019 of 1 July 2019, which promulgated the country's new Foreign Capital Investment Law. One of the main measures of the new law is the expansion of eligible sectors for foreign investment to including strategic projects. In relation to this, an income tax exemption is introduced for the establishment, operation, and management of strategic development projects involving public facilities, infrastructure, energy renewables, roads, transport, and ports. In addition, new procedures are introduced for foreign investment through the Omani Investment Services Centre, as well as penalties for non-compliance. Further details of...