11 Apr 2022

Muscat – The government is planning to privatise more than 30 public companies by 2025, H E Abdul Salam bin Muhammad al Murshidi, chairman of Oman Investment Authority (OIA), has said.

“The authority owns about 160 government companies. Privatisation is a successful process. The government must hand over the economy to the private sector, because its role remains to regulate and set policies,” he said in a radio interview.

OIA set a target to privatise more than 30 affiliated companies in five years (2021 to 2025). “These companies can be transformed into private companies listed on the Muscat Stock Exchange, and be owned by Omani citizens – businesses and investors.”