Oman Regulations Regarding Mining Sector To Be Introduced

Oman is a crucial GCC nation and has grown in wealth and stature in recent decades since it obtained its independence. It has expanded in its popularity as a country of business and also a nation which receives numerous visitors and foreign residents.

The country is one which, much like most of the other nations in the region, discovered oil and made decent gains through this. However, oil is only a temporary resource, finite in nature, and the Middle Eastern countries are aware of this.

Oman has resources beyond just oil though, and in more recent years, their economic options have grown too. In the area of resources, Oman does have minerals and metals to mine and obtain, and in line with this, they have recently introduced new regulations to ensure the industry grows and provides them with further economic variety.

Oman Mining Regulation

The new Law of Mineral Wealth will come into effect shortly, within one month of its publication. Its essential purpose is to strengthen the already existing Public...