The Royal Oman Police (ROP) has issued a decision to establish new free markets at three key border crossings in the country, namely Al-Wajab, Khatm Al-Milah, and Rub' al Khali. This decision, numbered 145/2026, was issued by Colonel Hassan bin Mohsen Al-Sharqi, the Inspector General of Police and Customs.
Purpose of Establishing Free Markets
The aim of this new initiative is to stimulate economic and commercial activities at Oman’s land borders by offering products at competitive prices and without customs duties and taxes. This move not only helps strengthen local trade but also contributes to the development of the logistics sector, supports border tourism, and enhances the travel experience for transit passengers.
Read more: Development of Financial Technology in Oman and Its Impact on the Banking Industry
Economic and Commercial Impacts
The establishment of free markets at Oman’s borders can have positive impacts on the local and regional economy. By reducing customs duties, the prices of goods for consumers will decrease, which can lead to increased demand and economic prosperity in these areas. Additionally, these markets can provide an opportunity for local producers to sell their products on a larger scale.
It is expected that with the establishment of these markets, border tourism will also flourish. Travelers passing through these crossings can benefit from the variety of products and services available in these markets, which in turn can enrich their travel experience.
Ultimately, this initiative is part of Oman’s broader efforts to strengthen its economic and commercial infrastructure and create a more sustainable and competitive business environment. Given Oman’s geographical location and its border connections, the establishment of free markets can serve as a strategic opportunity to attract investment and develop international trade.
Read more: Governor of Fars: Executive and Legal Frameworks for Investors Will Be Provided · Oman’s Ministry of Commerce Identifies 46 Violations at Fuel Stations in Muscat
