(MENAFN- Muscat Daily) His Majesty Sultan Qaboos bin Said on Wednesday issued Royal Decree 28/2015 promulgating the Law on Granting Concession to Develop Manage and Operate Duqm Port and endorsing its related agreements.
Article 1
states that without prejudice to the provisions of the Maritime Law issued under Royal Decree 35/81 the Law on Granting Concession to Develop Manage and Operate Duqm Port (attached to this Decree) shall be applied.
Article 2
endorses the Duqm Port Concession and Land Development (Usufruct) Rights Agreement and the Shareholders Agreement stated in the attached law.
Article 3
stipulates that the chairman of the Special Economic Zone Authority at Duqm shall issue the bylaws and decisions necessary for the execution of the attached law.
Article 4
states that this Decree shall be published in the official gazette and enforced on its date of issue.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.