Oman’s Sultan Haitham Bin Tariq al-Said passed a decree on 18 August abolishing the country’s offset body, the Public Authority for Privatisation and Partnership (PAPP), and moving its functions into the country’s Ministry of Finance.
Under royal decree 110/2020, staff from the PAPP are to be transferred to the Ministry of Finance at the same rate of pay, with the Minister of Finance to assume the role of the former organisation’s chairperson.
Following a reshuffle of the country’s cabinet, Sultan bin Salem bin Saeed Al Habsi was named Minister of Finance on 18 August.
In a decree passed on 18 August, Oman’s Sultan Haitham Bin Tariq al-Said has moved the functions of the PAPP to within the country’s Ministry of Finance. (Andrew Caballero-Reynolds/AFP via Getty Images)
The PAPP was formed in July 2019, and combined the previous offset organisation, the Omani Authority for Partnership for Development (OAPFD) and the Privatisation Department at the Directorate General of Investments, Ministry of Finance. The PAPP was responsible for a range of programmes, including defence offset, privatisation of state-owned assets and companies, and developing public-private partnership programmes.
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