We Qaboos bin Said, Sultan of Oman

after perusal of the Basic Statute of the State promulgated by Royal Decree No. 101/96,

the Commercial Companies Law promulgated by Royal Decree No. 4/74 and its amendments,

the Law Regulating the Administrative Apparatus of the State promulgated by Royal Decree No. 26/75 and its amendments,

the Law on the Expropriation for Public Benefit promulgated by Royal Decree 64/78,

the Land Law promulgated by Royal Decree No. 5/80 and its amendments,

the law regulating the usufruct of the lands of the Sultanate of Oman issued by Royal Decree No. 5/81 and its amendments, 

the Corporate Income Tax Law promulgated by Royal Decree No. 47/81 and its amendments,

the Government Tenders Law and Regulations, issued by Royal Decree No. 86/84 and its amendments,

After-Service Pensions and Benefits for Omani Government Employees Law promulgated by Royal Decree 26/86 and its amendments,

the Public Authorities and Organizations System, promulgated by the Royal Decree No.116/91,

Foreign Capital Investment Law promulgated by Royal Decree No. 102/94 and its amendments,

the Policies and Rules of Privatisation issued by the Royal Decree 42/96,

the Law of Arbitration in Civil and Commercial Disputes promulgated by Royal Decree 47/97, and its amendments,

the Financial Law promulgated by Royal Decree No. 47/98 and its amendments,

the Capital Market Law promulgated by Royal Decree No. 80/98 and its amendments,

the Rules of Privatisation of AI-Kamil Power Station in the East Region and Barka Power and Water Desalination Station by the Royal Decree 54/2000,

the State Financial Audit Law promulgated by the Royal Decree 55/2000,

the law granting the Salalah Electricity Utility concession – Royal Decree No: 20/2001,

Royal Decree No. 47/2001 Making Ministerial Amendment,

Royal Decree No. 5/2003 Approving the Organizational Structure of the Ministry of Housing, Electricity and Water and defining its powers,

the Labour Law promulgated by Royal Decree No. 35/2003,

and the Privatization Law promulgated by Royal Decree No. 77/2004,

and in pursuance of public interest,

have decreed as follows