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This part of paper explores the
comparison of the municipality investment of the Oman with Bahrain. Bahrain is selected
as the best match for comparison because both are the gulf countries and rules
and regulations are same in both of these countries. Even the investors of the
both of these countries have same views for the rules and regulations and its implementation
in their particular region. The below given table is represents the clear
comparison of Municipality investment of Oman with Bahrain.
|
Municipality investment in Oman |
Municipality investment in Bahrain |
|
The Municipality investment in Oman is
considered as the one the major projects because the investors considered it
as the one of the ideal investment because there are the least taxes or
interest rate on municipality investment. It has been announced by the Ministry of
the Water Resources and Regional Municipalities that land is offered at
various 10 locations in Oman for development and investments. The trend of the Municipality investment is
too common in Oman and the government of the Oman encouraged the investors
who are keening to invest in the Municipality project. The authorities are decentralizing as the part of government's
efforts and the participation of the greater citizen allows them to participate
in local governance. The first municipality
elections are successfully conducted by Oman
at the end of 2012. It deals with municipality investment in Oman. Even in 2011 it has been announced by the
Sultan that municipal councils have authority
to advising the Royal court according to the local districts needs across 11
governorates of Oman. |
Bahrain is the one of the
rich country in Gulf Bahrain’s position at the heart of the Arabian Gulf
makes access to every market in the region very quick, efficient and
convenient. Bahrain invested more than
$440 million in the private sector as the driving engine of its national
economic growth. The governments of the Bahrain provides freedom to invest in
the Municipal projects even they provides them positive edge to continue such
kind of projects. Throughout 2014 the
Political talks among the opposition and government related to the Municipality investment in Bahrain. Few of
the loyalist political groups failed to
reach an agreement and they can successfully prompt opposition political societies
for boycotting the regulations. The municipal council
elections are held in late 2014. Than it was decided that the investors was
free to invest in the Municipality projects to make the infrastructure of
country better. |
Strategies of Municipal Investment of Evaluation of Investment for the municipal development in Sultanate of Oman
According to Fromson and Simon (2019), up till now, the Sultanate of Oman has been the main
sample meant for the effective development relating to both economic as well as
political expansion in the district of Gulf. Since Sultan Qaboos bin Said Al
Said brought up his transformation strategy in the 1970s, the country’s GDP has
increased commencing (in the year of 1970) to temporarily throughout 2012. For this reason, the Muscat Municipality has
been engaging the Small and Medium Enterprises to invest in supporting numbers
of ventures that conducted and would be conducted by the Muscat Municipality. In
fact, Oman is at present has conscripting a continuation plan, which named with
“Vision 2040”. This plan identifies both challenges and recommendations point
out throughout actions such as the SME-conference must be taken into
deliberation, with a purpose to create a well-organized and effective
profitable rule will able to be attained
A report from MENA-OECD Investment Programme Foreign
direct investment (FDI) really has a main role in applying divergence
strategies. Below numbers of conditions, FDI could provide practical know-how
as well as wealth to the country’s economies which do not obtain the capability
or native abilities to grow assured segments on their own. Some researchers
have presented that in poorly varied economies (the GCC countries), FDI has a
sturdier constructive influence on development than in exceedingly varied economies
which can be seen from the table below
Municipal Investment in Vision 2040
Even though there are some obstacles in the
context of investment, but the Municipality has its own strategies to handle
those obstacles. In fact, Oman is currently has drafted a
continuation plan, which titled “Vision 2040”. This plan classifies both challenges
and recommendations throughout actions such as the SME-conference must be taken
into deliberation, with a purpose to create a well-organized and effective
profitable rule will able to be attained
Arbitration: A Panacea for Investment Disputes
In this article the detail information about the investment and investment disputes. The ministries or regulatory organizations do not implore commentaries on planned rules from the broad public and do not make any effect valuations of planned rules. There is no obligation that rules would be every so often revised. Muscat Municipality has built up to ten drainages within four different locations, with a purpose to secure the street from the damage which able to be made by water.
References of Comparison of the municipality investment with other countries
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.
Fromson, J. & Simon, S., 2019. Visions of Omani Reform.
Hakro, A. N., 2019. Oman in the 21st Century: Issues and Challenges. s.l.:Nova Science Pub.
Int'l Business Publications, 2013. Oman Investment and Business Guide: Strategic and Practical Information. s.l.:Int'l Business Publications.
Jafari, M. & Scholz, W., 2017. Towards sustainable urban development: Challenges and chances of climate-sensitive urban design in Muscat/Oman. Sustainability in the Gulf, pp. 103-122.
Muscat Daily, 2012. MUSCAT MUNICIPALITY SIGNS 20-YEAR STREET FURNITURE CONTRACT WITH JCDECAUX. [Online]
Available at: https://muscatdaily.com/Archive/Business/Muscat-Municipality-signs-20-year-street-furniture-contract-with-JCDecaux
Nebel, S. & Richthofen, A. v., 2016. Urbanisation in Oman–Background and Trends. Urban Oman.
OECD, 2019. ASSESSING INVESTMENT POLICIES OF MEMBER COUNTRIES OF THE GULF COOPERATION COUNCIL. [Online]
Available at: oecd.org/mena/competitiveness/Preliminary%20assessment%20GCC%20invt%20policies.pdf
Oman Portal, 2019. Muscat Municipality. [Online]
Available at: https://omanportal.gov.om/wps/wcm/connect/en/site/home/gov/gov1/gov5governmentorganizations/mctmnet/muscatmunicipality
Oxford Business Group, 2017. The Report: Oman 2017. s.l.:Oxford Business Group.
Scholz, W. & Langer, S., 2019. Spatial Development of Muscat/Oman and Challenges of Public Transport. Gulf Research Meeting 2016.
State.gov, 2019. 2019 Investment Climate Statements: Oman, s.l.: s.n.
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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