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XXXVIII, No 17, 07/09/2020

Oman gives its offset agency a short, sharp shock

Oman’s offset policy may, or may not, be gone. Royal Decree 110 of 2020, issued without warning, has “cancelled” the Public Authority for Privatisation and Partnership (PAPP). The decree did away with the PAPP’s Board of Directors and transferred its assets to the Ministry of Finance as of August 18, the day of publication. Oman also reshuffled the cabinet on August 18, appointing Sultan bin Salem bin Saeed Al Habsi Minister of Finance.

 

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