Muscat, The Agencies and Oil Professional Licenses Department at the Ministry of Commerce and Industry (MoCI) clarified that the total number of new, renewed and canceled commercial agencies in 2019 amounted to 2,769 commercial agencies.

The ministry explained that these agencies include 549 new agencies, 1,281 renewed agencies, and 939 agencies with expired licenses and the period specified in the Commercial Agencies Law No.26/77 had expired.

Yaqoub bin Shayikh al- Dhabouni, Head of the Commercial Agencies Department at the MoCI, said that the commercial agency is protected in accordance with the internationally established laws and regulations through what is agreed upon in the contracts between the foreign client and the local agent.

Source: Oman News Agency