Ithraa, Credit Oman ink deal to boost exports
Muscat - The Public Authority for Investment Promotion and Export Development (Ithraa) and Oman’s Export Credit Guarantee Agency (Credit Oman) have signed a programme for joint cooperation to boost the sultanate’s exports, explore potential markets for Omani products and enhancing growth of the national economy.
Ithraa and Credit Oman will share information and support related investments in the sultanate by facilitating procedures for the companies interested to do business in Oman. They will provide training for staff, share studies, research and reports related to the targeted sectors and potential markets. The two parties will also join hands in attracting investments and carrying out marketing and promotional activities inside and outside the sultanate.
The cooperation programme was signed by Nasima bint Yahya al Balushi, director general of export development at Ithraa and Emad bin Saud al Harthy, acting CEO of Credit Oman.
Nasima said that the cooperation comes as part of the efforts made to develop the Omani exports to foreign markets and exchange of information and data on attracting investments. She pointed out that Credit Oman is one of the supporting partners in this field through the export chain facilities they offer to Omani companies.
Harthy said that this cooperation is part of the integrated work system between Ithraa and Credit Oman to achieve common aims related to enhancing exports and helping Omani exporters to promote their prod- ucts. He pointed out that Credit Oman provides integrated services to experts either by providing advice and insurance cover that maintain the rights of exporters and provide assurance against business and non-business risk while transporting their products to various countries of the world.