The Ministry of National Economy shall implement the Transfer Scheme within a period not exceeding six months from the date of the publication of this Law in the Official Gazette, and it may extend such period for not more than three months.

The Minister of Housing, Electricity and Water shall have the right to grant the companies established pursuant to Article (66) of this Law a usufruct right on the lands used for the projects to be Transferred to such companies in the manner specified in the Transfer Scheme or the lands required in future to implementing such projects, and the area of the usufruct shall be determined in accordance with the actual requirements of the project and in accordance with lands in the Sultanate of Oman available to the Ministry, and the grant of a usufruct right shall be in accordance with the procedures, rules, and fees specified in the abovementioned Law Organizing the Usufruct of the Sultanate Lands.

As an exception from the provisions of articles (18) and (19) of the abovementioned Financial Law all Relevant Assets and Liabilities shall be subject to Transfer.
The procedures taken pursuant to the Transfer Scheme, including those relating to all Relevant Assets and Liabilities or any of them, shall be binding on all Persons without the need for the consent of any other Person.
 

The date of the commencement of Transfer shall not exceed 30 days from the date of enactment of the Transfer Scheme and each Transfer shall be effective as from the date of Transfer prescribed pursuant to the Transfer Scheme, as amended in accordance with the provisions of Article (98) of this Law.
The Transfer Scheme may include determination of the regulations and dates for the implementation of the accounts relating to the Electricity Holding Company and the other companies stipulated in Article (66) of this Law, other than the dates fixed pursuant to the provisions of this Article, and other items relating to such accounts.
 

The Ministry of Housing, Electricity and Water shall within a period not exceeding 28 days after the completion of any Transfer notify any Person who has rights or liabilities which thereby become enforceable all or in part against or in favour of the successor transferee.
This Ministry and other Ministries and any of the Transferees shall conclude the required agreements and contracts and take all measures necessary to identify the properties, rights, and liabilities including interests in land Transferred pursuant to the Transfer Scheme.
 

The provisions of the agreements and contracts relating to the Transferred property, or rights or liabilities which were concluded by the Ministry of Housing Electricity and Water before the Transfer Date shall apply to the Successor Entity with the same terms, measures, and conditions vested in the Principal. And the Transfer pursuant to the Transfer Scheme shall not affect the treatment prescribed in respect of the subject matter of the Transfer as regards taxes and fees.

The Ministry of National Economy may after consultation with the Ministry of Housing, Electricity, and Water modify the Transfer Scheme within a period not exceeding 12 months from the Transfer Date.
The Modifications may not include the Transfer of assets or liabilities except between a Successor Entity and another who are both Wholly-owned by the Government at the time of making the modifications, or may not have an adverse effect on other Persons, and any modification as above mentioned shall be deemed an integral part of the Transfer Scheme.
The Ministry of National Economy shall coordinate with the Ministry of Housing, Electricity, and Water if the modifications include the Transfer of any assets or liabilities of the Ministry of Housing, Electricity, and Water.