Oman Privatisation To Test Market Sentiment

The Omani government on February 26 made public plans to privatise a number of state-run projects by 2010. Ahmed Mekki, the national economy minister, said that the government was working to attract more foreign investors and that 'these privatisation projects are being adopted gradually, according to a full-fledged program and time table.' CFW believes that, under the right conditions, foreign investors will be attracted by the sultanate's liberal business environment which allows 100% foreign ownership, as well as its political stability - it is the highest rated GCC state in this regard (in BMI's political risk ratings).

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