A Royal Decree was recently issued establishing the Investment and Commercial Court under the Supreme Judicial Council, with its headquarters located in Muscat Governorate. This initiative marks a significant shift in Oman’s judicial landscape by creating a specialized court to handle commercial and investment disputes, fostering a more attractive legal environment for both local and foreign investors.
The court aims to enhance judicial specialization, accelerate litigation procedures, and develop legislation that stimulates economic growth and attracts investments—reinforcing the rule of law in the business ecosystem. Procedurally, the court introduced a dedicated Case Preparation Office and an electronic system for submitting documents and exchanging memoranda prior to case review.
This advancement is expected to have a direct and positive impact on the real estate market by increasing investor confidence, accelerating dispute resolution related to real estate projects, commercial partnerships, and project financing. It also helps reduce legal complexities that often hinder investment, thereby encouraging broader real estate activity and attracting new capital.
A specialized and efficient court for commercial and investment disputes strengthens the credibility of the legal environment and demonstrates Oman’s commitment to offering a stable and transparent investment climate.
