Further to our February 2020 client alert on Oman's new Foreign Capital Investment Law (FCIL), Ministerial Decision 209/2020 has recently been issued listing 70 activities that must not be undertaken by a company that is subject to the FCIL (New MD). These are generally activities that are less likely to be of interest to international investors. The New MD does not apply to a company which is not subject to the new FCIL, such as wholly Omani, GCC and US-owned companies.

The New MD expands on and gives a legal basis to the informal "negative list" of 37 restricted activities published by the Ministry of Commerce, Industry and Investment Promotion early last year. 

Below is an unofficial translation of the list of restricted activities.

Please see our previous update on Oman Foreign Capital Investment Law here.