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STATE COUNCIL BUREAU discusses proposal for amendment of "Economic Development Act"

The Bureau of the State Council discussed today the proposal by the Economic Committee of the Council on the amendment of the "Economic Development Act promulgated by Royal Decree No. 9/75."
 
The 12th meeting of the Bureau, chaired by H.E. Dr. Yahya bin Mahfoudh al-Manthri, Chairman of the State Council was held in the presence of honourable members of the Bureau and the Secretary-General of the Council.
The Bureau hosted Hon. Sheikh Mohammed Abdullah Hamed Al Harthi, Head of the Economic Committee, Hon.Dr. Badria Ibrahim Khalfan Al Shihi, Rapporteur of the Economic Committee and Hon. Dr. Said Mubarak Said  Al Muharrami, Member of the Economic Committee for conducting discussions.
The proposal aims to review the general provisions of the Economic Development Act, and the requirements for updating it in line with the changes that have occurred with regard to the framework of the national economy.
This is in addition to the legal review, the terms of reference specified in it, and identifying the overlapping aspects with subsequent laws to focus on all points related to planning, implementation and follow-up of development projects and other stages guaranteed by law.
Following the discussion, the Bureau decided to present it at the Regular Session.  
At its meeting, the Bureau approved the Council's budget for 2019, and the report on the follow-up to the activities of the committees during the period between its previous meeting and the meeting.
At the closure of the meeting, the Bureau decided on the agenda items for the tenth to thirteenth Regular sessions to be held on June 26 and 27, and July 3 and 4.