Brussels, 29 September 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Aasaal International Investment SAOC (‘Aasaal’) by the Oman Investment Authority (‘OIA’), both of Oman, and the Qatar Investment Authority (‘QIA’), of Qatar.
The transaction primarily relates to the hotel and accommodatio sector in Oman.
The Commission concluded that the notified transaction would not raise competition concerns, given its limited impact in the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11191.
Source – EU Commission