Sunday, 20 Oct 2019 | 21 Safar 1441
State Council approves joint report on four draft laws

State Council approves joint report on four draft laws

The approval came following intensive discussions on the articles that bear variations pertaining to the draft laws of ‘Bankruptcy’, ‘Foreign capital investment’, ‘Privatisation’ and ‘Public and Private Sectors’ in preparation for forwarding to His Majesty Sultan Qaboos bin Said. The session deferred the land laws assessment proposal, following discussion.

The session, chaired by Dr Yahya bin Mahfoudh al Mantheri, chairman of the council, was held in the presence of the council members and its secretary common.

The council commenced its discussion of the proposal of Land Laws prevailing in the sultanate with the statement of the Legal Committee, presented by the head of the committee, Abdul Qadir bin Salim al Dhahab.

He stated that the study involved detailed reviewing of the land laws and identifying of all difficulties and challenges facing the land sector via a number of hosting and meetings.

The committee concluded that a complete law regulating the land sector in the sultanate ought to be introduced primarily based on a quantity of justifications. These consist of the require to update the prevailing legislations governing this sector with new laws, which have the scope of improvement of institutions and modification of names of some government entities associated to the land sector.

It is necessary to determine a single legal reference via the creation of a unified land law that regulates all its residential, industrial, industrial, agricultural and tourist use.

In addition, it is necessary to make certain effective governance of the actions of the government institutions of the land sector,

standardise them and define their terms of reference to steer clear of duplication. This will facilitate assistance of the national economy by supplying an enabling legislative atmosphere for investors in numerous sectors, and overcome all obstacles they face in benefitting from government lands in the sultanate. The session decided to defer the proposal for additional consideration.

Information Source: Muscat Daily

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