Oman to Unveil Golden Visas and Digital Trade Reforms for Enhanced Investment Opportunities
Oman to Launch Golden Visa Programme for Investors
Oman is set to boost its construction sector and position itself as a global investment hub with the launch of a golden visa programme for investors on August 31. The event, under the patronage of Sayyid Marwan bin Turki Al Said, will mark the start of a series of initiatives aimed at fostering national talent, innovation, and sustainable business growth.
The golden visa programme, along with accompanying reforms, aims to provide investors with long-term stability and opportunities for growth. This move aligns with the government's plans to modernize the construction sector and strengthen Oman's position as a global investment destination.
The programme will be launched alongside the "Al Majida Companies" initiative and a new service for electronic transfer of commercial registrations, a step towards a fully digital trade environment. Al Douhani, the Minister of Commerce, Industry, and Investment Promotion, described this move as a significant step towards digitalization.
Cooperation agreements will be signed with Sultan Qaboos University, the German University of Technology, the Oman Energy Association, and Ebinaa at the event. These partnerships aim to support academic research, innovation, and the development of the energy sector in Oman.
Oman's golden visa scheme follows similar programmes in Gulf neighbours like the UAE and Saudi Arabia. These countries have sought to attract foreign investors by offering long-term residency rights to entrepreneurs and investors. The reforms also offer incentives to Omani businesses to expand both locally and internationally.
The initiatives aim to combine regulatory reforms with targeted support for local firms. This approach reflects a commitment to building a more sustainable business environment in Oman. Besides Oman, countries offering Gold Visa programs for investors include Greece, Portugal, Malta, Spain, and the United Arab Emirates (specifically Dubai).
However, there was no new information about fully funded undergraduate scholarships for Pakistanis in the current paragraph. Similarly, the sale of the priciest penthouse in Oman, reported separately, is not related to the golden visa programme.
The announcements at the event in Salalah are part of wider initiatives to strengthen Oman's position as a global investment hub. The golden visa programme is just one piece of the puzzle in Oman's ambitious plans to attract foreign investment and drive economic growth.
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