Ithraa, Credit Oman ink deal to boost exports

Business Saturday 08/December/2018 17:56 PM
By: Times News Service
Ithraa, Credit Oman ink deal to boost exports

Muscat: The Public Authority for Investment Promotion and Export Development (Ithraa) and the Export Credit Guarantee Agency (Credit Oman) signed an agreement for joint cooperation to enhance exports, explore potential markets for Omani products and enhance the growth of the national economy.
As per the cooperation deal, the two parties will share information and support related to investments in the Sultanate by facilitating procedures for companies interested in doing business in the Sultanate, providing training for staff, and sharing studies, research and reports related to the targeted sectors and 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 agreement 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.
Al Balushi said that the cooperation comes as part of the efforts made to develop Omani exports for foreign markets and the exchange of information and data over attracting investments.
She said that Credit Oman is one of the supporting partners in this field through the export chain facilities they offer to Omani companies.
On his part, Al Harthy said that this cooperation is part of the integrated work system between Ithraa and Credit Oman to achieve the common aims related to enhancing exports and helping Omani exporters promote their Omani products.
He said that Credit Oman provides integrated services to experts by providing either advice or insurance cover to maintain the rights of exporters and provide assurance against business and non-business risks while transporting their products to various countries across the world.