The Court of Investment and Trade will handle lawsuits involving merchants and disputes arising from investment contracts

The Supreme Judicial Council and Oman Chamber of Commerce and Industry (OCCI) have praised the Royal Directive to establish the ‘Court of Investment and Trade,’ which is expected to strengthen Oman’s legal framework and enhance its appeal to foreign investors.

Sayyid Mohammed bin Sultan al Busaidi, Deputy Chairman of Supreme Judicial Council, described the directive on ‘Court of Investment and Trade,’ as a significant development for the judiciary. “The Court of Investment and Trade will handle lawsuits involving merchants and disputes arising from investment contracts. It will reduce the burden on general courts by deploying specialised judicial expertise at all levels of litigation,” he said.

He added that commercial disputes require swift judicial procedures and the new court will provide expedited resolutions, facilitating a business-friendly environment for both merchants and investors. The court’s establishment would help create a stable legal environment, making Oman more attractive to local and foreign investors while boosting the nation’s economic competitiveness, he said. He emphasised that the court will complement ongoing government efforts to stimulate sustainable economic growth by improving the overall investment climate.

Faisal bin Abdullah al Rawas, Chairman of OCCI, highlighted the court’s potential to support Oman’s judiciary and serve as a cornerstone for attracting investments. “This initiative will strengthen the private sector by providing a specialised judiciary for investment and trade matters,” he said. He stressed that the court’s objective to resolve disputes efficiently aligns with Oman’s vision to develop its investment sector and attract capital.

Rawas further remarked that the court’s establishment will reassure investors by offering a robust legislative framework guaranteeing efficient dispute resolution in economic and commercial matters. “It will bolster confidence in Oman’s legal and business infrastructure.”