Oman government procurement: procedures and practices
Article Abstract:
Oman's Tender Board is responsible for evaluating all bids on government civil infrastructure projects. Ministries prepare reports on needed services or projects and send them to the Tender Board for review. The Board then advertises the tender and begins to accept bids. Once bids are submitted it is impossible to alter them, and the tender process usually takes no longer than eight weeks. Low bidders do not necessarily get contracts, and records of past company performance are kept by the Oman government. A local sponsor for foreign bidders is required if their bid is accepted.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1993
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Selling investments to Saudi nationals
Article Abstract:
Efforts to expand investment by Saudi Arabians in offshore interests have been stifled by the uneven regulatory environment. All legitimate offshore investment opportunities must have permission from the Ministry of Commerce (MOC), however this has never been granted. Moreover, domestic projects must organize offshore because of the MOC's intransigence. This unwillingness to permit formation of investment firms has led to a lack of regulatory protection for investors and stalled projects requiring large investments of capital.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1992
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Azerbaijan passes privatization law: foreign buyers welcome, auctions start next month
Article Abstract:
A US Embassy report from Baku reports on the Azerbaijan govt's plan for privatization, approved on July 21, 1995 and scheduled to begin through auctions on Sept 1. It will continue for three years, with state-issued vouchers accepted from citizens and cash accepted from both citizens and foreigners. Small and mid-sized firms will be sold to their managers, while those with 300 or more employees will become joint stock companies. Workers in these may buy no more than 15% of the shares, and foreign control is allowed.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1995
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