Muscat: A new service for Omani exporters has been launched by the Export Credit Guarantee Agency of Oman (ECGA).
A new identity of the agency was also launched during a ceremony to celebrate its 25th anniversary of providing export services and promoting Omani products. The ceremony was held at Grand Millennium Hotel under the patronage of Sheikh Sa’ad bin Mohammed Al Mardhouf Al Sa’adi, Minister of Sports Affairs.
Said bin Saleh Al Kiyoumi, Chairman of Oman Chamber of Commerce and Industry (PCCI) Chairman of ECGA Board gave a speech during which he said: “These are the moments when we recall bright history that is full of giving made by ECGA since its inception in 1991.
“We are so much proud of what it has given in terms of excellent services in the fields of guarantee, finance and insuring credit related to the promotion of Omani exports.
In its 25 years, ECGA has doubled its profits and original capital. Many factors helped ECGA achieve that success; among them are increased investments and continuous modernisation of its IT systems to raise productivity and meet exporters’ increasing demands, he said.
Dr. Khalid bin Said Al A’amri, Acting CEO of ECGA commented: “In the light of the global economic crisis and the rise in all forms of risks, ECGA has continued to play its active role in providing necessary protection to exporters by giving them the confidence they need to find new buyers and find new markets.
“Our clients’ trust in ECGA has been a reflection of their faith that we will perform our duties to minimise the credit risks whether they are commercial or non-commercial risks. In this regard, ECGA has not hesitated to pay for many claims made by its clients.”
During the ceremony, the chief guest launched the new identity of the agency and a new set of services to cope with the global economic changes that will support Omani manufacturers and producers, as well as encouraging owners of small and medium enterprises (SMEs) to enter international markets.