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Literature Review of Evaluation of Investment for the municipal development in Sultanate of Oman

Category: Financial Statement Analysis Paper Type: Report Writing Reference: HARVARD Words: 850

       Nebel and Richthofen (2016) explained in their journal regarding the investment of Muscat Municipality. Muscat Municipality had been made its effort to create a real effect within the overall accomplishments of the revitalization. Along with the desire to give the best facilitation and accommodations for the citizens in Muscat, the institution has played an effective and essential role within the Muscat Governorate. In addition to this, the Muscat Municipality also has a significant role in the improvement along with the ventures’ service that has been applied in the Muscat Governorate. Numbers of parks, gardens, and walkways have been constructed. Not only that, but the institution also has been developed many tourists designations with providing the entire essential services as well. What’s more, the Muscat Municipality also was able to identify the entire issues regarding the fundamental resolutions and the citizens’ requirements to figure out their ideal places on the improvement and service fields within the Muscat Governorate as well (Nebel & Richthofen, 2016).

Strengthening Food Control System in Oman

        Al-Busaidi and Jukes (2015) described that the Muscat Municipality is the institution which responsible in monitoring and regulating food inspections regarding the processing of food conducted at the commercial shops, various restaurants, and also numbers of coffee shops in Muscat. The main objective of inspections is to make sure that the restaurants, coffee shops, and also commercial shops are observing and following the term and conditions of health intended for the processing of food, as well as the definition of food distribution, methods of how to preserve the food, and also the personal hygiene concerns as well. Furthermore, those two authors also mentioned that these food inspections and regulating conducted by the numerous Directorates-General of Muscat Municipality within Muttrah, Seeb, Bausher, Al Amerat, and the Quriyat wilayats pay attention to check the food and assure that the food provided is in hygienic condition, and healthy for the human to consume (Al-Busaidi & Jukes, 2015).

According to a report by Oman Portal, the governmental organization symbolized by the Municipal Council are as mentioned below (Oman Portal, 2019):

The local decrees

Musicality expansion financial budget venture every year

Applications of impressive fees, incomes, taxes, along with the methods of gathering them, and also denote them to the proficient authority

  Perform essential actions to maintain the public health

Recommend the expansion ventures along with the projects that convey prominence in terms of entertainment features of the Muscat Governorate

Share the dispensing land policies licenses meant for the Muscat Governorate

 Identify a charge for taking the taxi services in the country

Labeling as well as numbering the entire buildings in the country

Deliberating subjects associated with the entire challenges fronting the roles of the Municipality in addition to recommend potential resolutions

Deliberate subjects associated with the Municipality exclusive figure

 Environmental Rating System for Home Buildings in Oman

       Al-Jebouri et al., (2017) proposed that the Muscat Municipality defines as a government organization which has the responsibility for delivering high-quality services to just about 1 million Omani citizens in addition to the residents who are living within the Muscat Governorate. Its role as an independent body below the authority of Diwan of Royal Court makes the Muscat Municipality as the one who is responsible on behalf of the entire expansion of the Muscat Governorate. Plus, the Muscat Municipality has also been offering numbers of incentives along with facilities to the investors and motivating the small and medium-sized enterprises or SMEs to invest in existing municipal ventures as well (Al-Jebouri, et al., 2017).

Privatization of Municipality and Evaluation of Investment for the municipal development in Sultanate of Oman

        According to the Times News Service, The Muscat Municipality has constructed many investment processes. One of them is from the four Royal decrees, broadcasting Laws of Bankruptcy, Public-Private Partnership, Privatization, and Foreign Capital Investment. The primary purpose of this Law is to apply the government policies associated with increasing the private sector’s role in proprietorship and management of a number of economic activities. The law also targets to boost fascinating investment, proficiency, technology as well as understanding.

        The most significant highpoints of the Privatization Law are: the process for establishing and the reward of privatization ventures; processes aimed at the privatization of government amenities (restructuring); removal of privatization ventures incomes and processes for resolving the status of Omani public servants occupied in projects exaggerated by privatization or rearrangement (Times News Service, 2019).

References of Evaluation of Investment for the municipal development in Sultanate of Oman

Al-Busaidi, M. A. & Jukes, D. J., 2015. Assessment of the food control systems in the Sultanate of Oman. Food Control, pp. 55-69.

Al-Jebouri, M. F., Shaaban, A. K., Raman, S. N. & Rahmat, R. A. A. B. O., 2017. Framework of environmental rating system for home buildings in Oman. Journal of Architectural Engineering.

Nebel, S. & Richthofen, A. v., 2016. Urbanisation in Oman–Background and Trends. Urban Oman.

Oman Portal, 2019. Muscat Municipality. [Online]
Available at: https://omanportal.gov.om/wps/wcm/connect/en/site/home/gov/gov1/gov5governmentorganizations/mctmnet/muscatmunicipality

Times News Service, 2019. New investment laws to boost Oman economy. [Online]
Available at: https://timesofoman.com/article/1547653/Oman/New-investment-laws-to-boost-Oman-economy

 

 

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