Muscat – The Omani trade delegation concluded its visit to the United States, culminating in the signing of multiple strategic partnerships with American firms. These collaborations aim to bolster sustainable economic development in line with Oman Vision 2040’s objectives.

An agreement was signed between Oman’s ARDIC and America’s STUP, focusing on enhancing agricultural trade. This partnership promises improved access to diverse, high-quality agricultural products and services, furthering agricultural sustainability in both nations.

Another partnership was established between Asas Majan Development and Investment Company and Molycop, marking the inception of the first factory in the GCC for manufacturing grinding balls, a critical resource for global copper, gold, and iron ore producers.

Additionally, Creative Thinking, a communications and technology company in Oman, partnered with Netceed, a global leader in value-added distribution to the communications network and digital infrastructure industry.

H E Ibtisam bint Ahmed al Furujiyah, Undersecretary for Investment Promotion in the Ministry of Commerce, Industry, and Investment Promotion, affirmed that these agreements come as a result of persistent efforts to enhance commercial and industrial cooperation and explore investment partnerships in various promising sectors. She emphasised the favourable opportunities for both nations to expand investment volumes, diversify import and export sources, and ensure the seamless movement of goods and products.

H E Ibtisam highlighted the continued commitment of both countries to align common objectives, increase Omani-American investments, and leverage the unique advantages and incentives available in both nations to foster integration in various targeted sectors.

This visit also aimed to augment intra-trade between the two nations, strengthen their commercial, industrial, and investment relations, and diversify sources of import and export. It facilitated bilateral meetings between Omani and American businessmen and investors, showcasing investment opportunities and engaging interested investors in Oman in various sectors.

Moreover, the delegation explored investment prospects in the information technology, communications technology, health, tourism, energy, logistics, and banking sectors. Meetings with the US EXIM Bank were held to activate a previously signed memorandum of understanding, further enhancing trade and investment cooperation between the two nations.