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Find out moreWelcome to this edition of Law Update, where we focus on the ever-evolving landscape of financial services regulation across the region. As the financial markets in the region continue to grow and diversify, this issue provides timely insights into the key regulatory developments shaping banking, investment, insolvency, and emerging technologies.
2025 is set to be a game-changer for the MENA region, with legal and regulatory shifts from 2024 continuing to reshape its economic landscape. Saudi Arabia, the UAE, Egypt, Iraq, Qatar, and Bahrain are all implementing groundbreaking reforms in sustainable financing, investment laws, labor regulations, and dispute resolution. As the region positions itself for deeper global integration, businesses must adapt to a rapidly evolving legal environment.
Our Eyes on 2025 publication provides essential insights and practical guidance on the key legal updates shaping the year ahead—equipping you with the knowledge to stay ahead in this dynamic market.
A new Ministerial Decision No. 107 of 2023 was issued on August 8, 2023, regulating the issuance of environmental permits in Oman (“MD”). The MD aims to facilitate and streamline the process of obtaining environmental permits in Oman by enhancing procedures and reducing permit fees, thereby increasing the effectiveness of the project owners’ issuance process. Additionally, the MD will ensure that the requirements for obtaining environmental permits are more flexible, allowing project owners in Oman to utilize cutting-edge technology to achieve the highest level of environmental performance.
To obtain an environmental permit, the project owner or its representative must submit a request addressed to the Environment Authority (“Authority”) in Oman, including the following details:
Depending on the nature of each project, the Authority may request further details or documents and may conduct assessments as deemed necessary to make a decision within 30 working days from the date the application is complete regarding whether to grant the applicant the permit.
The MD also imposes new obligations on the project owner, such as using the best environmental practices and globally available technology to treat, recycle, recover, or reduce the concentration and quantity of pollutants and emissions, environmental residues, unpleasant odors, or sources of nuisance to the maximum extent possible. Additionally, the project owner must provide the Authority with a comprehensive plan for managing hazardous and non-hazardous waste in the project.
Compared to the previous fees set out in the old executive regulation, which is now revoked by the MD, the environmental permit fees are now lower, depending on the type of permit. The permit fees are as follows:
The Authority may impose fines or penalties in case of violations of the provisions of the MD. Violations include failure to renew the permit within (10) days of its expiry date, failure to present the environmental permit at the work location, non-compliance with the environmental requirements specified in the permit, or failure to submit environmental monitoring reports within the specified period. The Authority may take one or more of the following measures against the project owner:
Al Tamimi & Company’s extensive expertise in advising on compliance with Omani law, particularly under this MD, establishes us as experts in offering guidance on avoiding penalties and liability. Our highly proficient Oman legal team is fully equipped to handle any legal matters that may arise. Please feel free to contact us without hesitation for comprehensive guidance and assistance regarding any questions or concerns related to the MD and its implications for your business operations.
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