BUSINESS REPORTER
MUSCAT, JUNE 11
The Public Authority for Special Economic Zones and Free Zones (OPAZ) has announced that krookis (cadastral drawings) will be provided electronically, so investors can obtain their copies immediately upon signing usufruct contracts. This service is currently applied for some blocks of lands in the Special Economic Zone at Duqm (SEZAD) and will cover other blocks later.
Cadastral drawings are official documents to prove usufruct rights to a certain plot of land. The electronic krookis are available to investors through the Zone’s digital portal. This new service assists the automation process of investment procedures in a smart way, which significantly serves accelerating completing the investors’ transactions through the one-stop-shop.
Dr Said bin Khalifa al Tuwairshi of OPAZ commented: “By increasing the number of electronic services provided to investors, OPAZ is seeking to enrich its digital transformation plan, which goes in parallel with the relevant government plans and keeps pace with the government’s digital transformation plan. Further, OPAZ aims to expedite and facilitate the pace of business, organise and simplify it for investors and other beneficiaries on an ongoing basis and contribute to stimulating the business environment and enhancing investment opportunities in the special economic zones and free zones.”
Moreover, the plan of the Public Authority for Special Economic Zones and Free Zones (OPAZ) also aims to implement this service of issuing cadastral drawing electronically in the other free zones, supervised by OPAZ. This endeavour is streamlined with OPAZ efforts to maintain continuous development in all the services provided to investors in all zones.