The Public Authority for Investment Promotion and Export Development ‘Ithraa’ and the Export Credit Guarantee Agency (Credit Oman) signed a program for joint cooperation to enhance exports, explore potential markets for the Omani products and enhancing growth of the national economy.

As per the cooperation program, the two parties will share information and support related to investment in the Sultanate by facilitating procedures for the companies interested to do business in the Sultanate, providing training for staff, 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 program was signed by Nasima bint Yahya al-Balushi, Director General of Export Development at ”Ithra’a” and Emad bin Saud al-Harthy, Acting CEO of Credit Oman.

Nasima al-Balushi, Director General of Export Development at ”Ithra’a” 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.

On his part, Emad bin Saud al-Harthy, Acting CEO of Credit Oman said that this cooperation is part of the integrated work system between ”Ithra’a” and Credit Oman to achieve the common aims related to enhancing exports and helping Omani exporters to promote their Omani products.

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.