Foreign investment in Oman’s electricity sector tops $10bln

Foreign investment in Oman’s electricity sector tops $10bln

SALALAH: The Independent Water Regulatory Forum concluded in Salalah on August 23, 2023 with a call for increased cooperation between GCC countries in the water sector. Speakers stressed the importance of sharing knowledge and expertise, and of working together to address the challenges facing the region.

The forum was a valuable opportunity for experts from GCC countries to share their experiences and discuss the latest trends in water regulation. It also highlighted the importance of cooperation between countries in the region to address the challenges of water scarcity.

Worthy of mentioning, in recent years, the Sultanate of Oman has emerged as a standard-bearer in crafting regulatory frameworks within the public utilities sectors. For instance, its commitment to transparency, independence, and adherence to best practices have helped pull in foreign investment, with inflows surpassing more than $10 billion in the electricity sector. Building on this remarkable success, Oman is now pivoting its attention to another sector recently restructured by Royal Decree 131/2020: the water and wastewater sector. A dedicated law, the Water and Wastewater Sector Law 40/2023, has been newly promulgated in this context.

Unlike many global counterparts, Oman has taken definitive measures to ensure that its regulator operates distinctly from entities with vested