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1 SOURCES OF LAW, JUDICIAL AND LEGAL SYSTEM During 1995, Oman celebrated the silver jubilee of the succession of His Majesty Sultan Qaboos bin Said. Notwithstanding the colour and pageantry of the events, the government's concentration on the development of the country continued un- abated, and a number of changes in law were enacted. Whilst there was no substantive change to the Omani legal system itself during 1995, there was further evidence of the development of the legal system into one designed to be more flexible to the requirements of commercial entities and more responsive to the needs of foreign investors. A number of major projects requiring significant capital investment, have been proposed for development in Oman (for example, the massive Oman liquefied natural gas export project). There is acknowledgement on the part of the govern- ment that these projects will require enormous levels of foreign investment and that, to secure such investment against competition for funds from other developing coun- tries, an attractive investor climate and, in particular, an acceptable legal system will be required. In June 1995 the government held a major conference entitled Vision 2020 which attracted a large number of international investors and observers.
Yearbook of Islamic and Middle Eastern Law Online – Brill
Published: Jan 1, 1995
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