MUSCAT: In a significant move, His Majesty Sultan Haitham bin Tarik directed Supreme Judicial Council to establish an Investment and Trade Court in the country. This specialised court will handle commercial disputes swiftly and professionally, ensuring the protection of litigants’ rights and fostering investor confidence
Speaking on the significance of this initiative, Saeed Mubarak Al Muharrami, Professor at the College of Economics and Political Science at Sultan Qaboos University and Member of the Board of Directors at the Central Bank of Oman, shared key insights on the impact of the new court.
The Investment and Trade Court is expected to bring several transformative benefits, including:
A specialized legal body will foster a transparent and efficient judicial system, boosting confidence among local and foreign investors. Streamlined procedures will ensure quicker verdicts on commercial conflicts, aligning with international standards.
Reduced case durations will ease the financial burden on businesses and investors. The initiative reinforces Oman’s commitment to investor protection, potentially improving its global rankings on ease of doing business.
A well-structured legal system reassures investors, making Oman a more attractive destination for capital inflows.
