Decision on foreigners freehold ownership soon

MUSCAT - A decision allowing foreigners freehold ownership of residential real estate in Oman is expected to be announced soon, a top official said here yesterday.

By From Our Correspondent

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Published: Wed 25 Feb 2004, 12:11 PM

Last updated: Wed 1 Apr 2015, 11:55 PM

"Hopefully, it will be issued some time next month," Tourism Under-secretary Mohsin bin Khamis al Balushi told reporters. A ministerial decision in this regard, he added, would be announced by the Minister of Electricity, Water and Housing. AGCC citizens already have the right to buy and own property in Oman following a joint decision taken by the AGCC Supreme Council in this regard. The proposal to extend the right to foreigners has been under the Oman government's consideration for some time now.

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