Sultan Haitham Bin Tariq Al Said’s decree creating a ‘stable mechanism for the transfer of power’ has been welcomed by analysts
Oman’s move to appoint a Crown Prince for the first time in the sultanate’s history will improve long-term investor confidence in the Gulf nation, according to experts.
On Monday, Sultan Haitham Bin Tariq Al Said issued a royal decree which promulgated a new Basic Law of the State, setting a specific and stable mechanism for the transfer of power in the sultanate. Importantly it also set the mechanism for the appointment of a Crown Prince and outlined his ‘duties, specialisations and prerogatives’.
Originally Published on June 29th, 2021.