Strengthening Trade and Economic Cooperation between Oman and USA

Business Wednesday 11/September/2024 13:05 PM
By: Times News Service
Strengthening Trade and Economic Cooperation between Oman and USA

Muscat: His Excellency Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion, led the Omani delegation to the United States from September 5 to 13, 2024.

The visit aimed to foster investment and trade partnerships between the two countries and highlight investment opportunities in Oman as part of Oman Vision 2040. It also focused on maximizing the benefits of the Free Trade Agreement between Oman and the United States to achieve mutual interests.

During the mission, the delegation visited several U.S. cities, including Arizona, New York, and Washington, D.C., where they held meetings with officials from the U.S. administration and Congress. The delegation also engaged in bilateral meetings and roundtable discussions with leading U.S. companies in sectors such as energy, healthcare, information technology, and tourism.

In addition, the Minister met with Omani students studying in the United States in New York, Washington, D.C., and Arizona.

On the sidelines of the visit, the Embassy of Oman in the United States hosted a reception at the Sultan Qaboos Cultural Center in Washington, D.C. The event was attended by Judith Pryor, Vice Chair of the U.S. Export-Import Bank, the Deputy Assistant Secretary of Commerce for the Middle East and Africa, as well as government officials and business leaders from both sides. Omani Deputy Chief of Mission Sabra bint Ahmed Al Hooti welcomed the guests, followed by a speech from His Excellency the Minister, in which he outlined the objectives of the visit and key investment opportunities. Vice Chair Pryor also spoke, praising Oman’s efforts to strengthen economic cooperation.

The delegation concluded their visit with a guided tour of the Sultan Qaboos Cultural Center, where they learned about the center’s roles and explored some of its Omani cultural exhibits.