Ithraa, Credit Oman ink deal to boost ex­ports

Muscat Daily - - BUSINESS -

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.


The agree­ment was signed by Nasima bint Yahya al Balushi and Emad bin Saud al Harthy

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