How do you think the new law which lifts re­stric­tion on the min­i­mum cap­i­tal limit for FDI is good for Oman?

Muscat Daily - - NATION -

Eng Zakariya al Sadi Gov­ern­ment em­ployee

The new law will help re­duce prices, raise prod­uct ef­fi­ciency and de­velop lo­cal in­fra­struc­ture as well. It will also create job op­por­tu­ni­ties for more cit­i­zens and align them with the mar­ket needs.

Saji Uthup­pan Lec­turer

FDI will play a piv­otal role in

Oman’s econ­omy. It will be able to gen­er­ate more job op­por­tu­ni­ties and wel­come more for­eign in­vestors. It will also en­hance the po­si­tion of do­mes­tic man­u­fac­tur­ers and sub­sidiary busi­nesses. Thereby, the new law of min­i­mum cap­i­tal limit for FDI will boost the econ­omy of Oman in the near fu­ture.

Musab Zuhair al Farsi Gen­eral man­ager

This law will be a boost to launch sev­eral new prod­uct lines and busi­nesses. It will en­able com­pa­nies to float com­pet­i­tive mar­ket rates and par­tially solve un­em­ploy­ment is­sues.

Mohan Anan­dan Bank­ing sec­tor em­ployee

No doubt, the new law would tremen­dously boost for­eign di­rect in­vest­ment in the coun­try. The po­lit­i­cal sta­bil­ity and Oman’s stature as a peace­ful and peace-lov­ing coun­try in the GCC re­gion, with ad­e­quate cor­po­rate gov­er­nance and reg­u­la­tory frame­work would also bring in more FDI to the coun­try.

Muna Basheer al Zad­jali Pri­vate sec­tor em­ployee

Omani com­pa­nies stand to achieve a lot from this law. It will help Oman project it­self as an in­vest­ment des­ti­na­tion and it will be able to at­tract for­eign cap­i­tal in­vest­ment. Oman is con­sid­ered a safe and sta­ble coun­try where in­vestors can en­joy pro­tec­tion through laws with guar­an­teed rights.

Muthu­mari Pan­dian Home­maker

Such laws pro­vide a sus­tain­able en­vi­ron­ment for in­vestors. It has sev­eral ad­van­tages. This law will play a vi­tal role in at­tract­ing for­eign in­vest­ments and bring sta­bil­ity to Oman. It will also in­crease the im­ple­men­ta­tion of modern tech­nolo­gies. This will sup­port eco­nomic di­ver­si­fi­ca­tion and create a pos­i­tive im­pact.

Siji Abra­ham Le­gal con­sul­tant

The new for­eign in­vest­ment law is aimed at cre­at­ing a con­ducive en­vi­ron­ment for in­vestors, and boost their con­fi­dence on Oman and en­cour­age them to com­mit to new projects. This will gen­er­ate em­ploy­ment op­por­tu­ni­ties for Oma­nis. The re­sources and geo­graph­i­cal lo­ca­tion of the coun­try will be put to bet­ter use with this move.

Bader al Harthy Pri­vate sec­tor em­ployee

I think that it is an ex­cel­lent de­ci­sion by the gov­ern­ment and I wel­come it. This will pave way not only for busi­nesses but also en­cour­age in­no­va­tive ideas from peo­ple. Like-minded peo­ple will now col­lab­o­rate to boost the over­all growth of the coun­try.

Priyanka Mohan Soft­ware en­gi­neer

The new For­eign Cap­i­tal In­vest­ment Law will help

Oman trans­form its econ­omy thereby in­creas­ing job op­por­tu­ni­ties. It will also help the man­u­fac­tur­ing and ser­vices sec­tor to de­velop which will boost in­no­va­tion. This will in turn give Oman ac­cess to the lat­est tech­nolo­gies and op­er­a­tional prac­tices from across the world.

Moulika Pa­tel Home­maker

The new law that lifts re­stric­tion on min­i­mum cap­i­tal limit for for­eign di­rect in­vest­ment is good for Oman and it will be a win­win sit­u­a­tion. It will boost the eco­nomic de­vel­op­ment of the coun­try. Most im­por­tant is that it will create job op­por­tu­ni­ties for the na­tional cadres.

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