Bilateral Investment Treaties, or better known as BITs, are agreements between two countries that set rules for how investors from one country can invest in the other. They are designed to promote and protect foreign investments by creating a stable legal framework that gives investors the confidence when doing business abroad. That framework creates obligations for the host government to treat foreign investors with particular standards, as well as, grant foreign investors the right to bring claims against the host government directly in the case of violations of the treaty.
Oman routinely signs BITs with other countries as part of its strategy for foreign investment and has 30+ agreements with countries such as the UK, Germany, and Japan.
Here are some key investors rights commonly found in BITs:
