Land earmarked for tourism purposes

Granting of land earmarked for tourism purposes in accordance with the usufruct for a period ranging from 25 to 50 years depending on the type and size of the project. Exemption from payment of rental value for a period ranging from 3 to 5 years according to the nature and type of the project. Rental value is estimated in accordance with the project's land area. Exemption from income tax for five years from the date of operating the project. The estimated annual rental value of lands is 300 Bz per square meter in Muscat Governorate and the Wilayat of Salalah, and 150 Bz per square meter in the remaining Governorates, Regions and in the Wilayat of Qurayat Source