Archive

Article length: 835 words

Omani clamp-down on property sales highlights tensions with neighbours

Gulf Co-operation Council (GCC) owners of land and real estate in Oman have been given until November 2020 to sell up, under the terms of a little-noticed royal decree. Until now the prevailing rule among the six Gulf monarchies has been that the citizens of one GCC country are permitted to buy property in another. However, Royal Decree 29/2018 introduced a series of prohibitions on foreigners owning land and property in designated areas and ordered them to sell such property to Omanis.

Go to full article

Credit value: 10

African Energy Gulf States Newsletter