Omani trade delegation signs strategic partnerships with US companies
Published: 01:09 PM,Sep 30,2023 | EDITED : 05:09 PM,Sep 30,2023
WASHINGTON: At the conclusion of its visit to the United States of America, the Omani trade delegation signed several strategic partnerships with American companies that would contribute to achieving sustainable economic development that is in line with the goals of Oman Vision 2040 as part of economic diversification efforts.
In Houston, agreement was signed between ARDIC and STUP LLC in the agricultural field, aimed at strengthening trade and bilateral relations between the two countries, and contributing to the possibility of improving access to diverse and high-quality agricultural products (agriculture and sustainability products and services).
A partnership agreement was also signed in New York City between Asas Majan Development and Investment Company and the American 'Molly Cobb' company to establish the first factory in the Gulf Cooperation Council countries to manufacture grinding balls.
For its part, Oman’s Creative Thinking, which specialises in telecommunications and technical services in New York City, has signed a strategic partnership agreement with Netside, a global leader in distributing value added to the telecommunications network and digital infrastructure industry specializing in distribution, logistics, technical engineering and product design.
Ibtisam bint Ahmed al Faroojiyah, Under-Secretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion, confirmed that the visit complements the tireless efforts between the two friendly countries to explore and follow up on trade and industrial cooperation and investment partnership opportunities in the promising sectors, noting that the opportunities are favourable for companies and investors in the two friendly countries to increase investment volume, diversify import and export sources and facilitate the smooth movement of goods and products.
The two sides continued to seek to harmonize common objectives and orientations towards achieving partnership and integration, increasing Oman-United States investments and leveraging the benefits and incentives of the two countries to achieve integration into the various targeted investments in the target sectors.
A number of officials, representatives of the government sector, and a number of Omani companies and businessmen participated in the visit, entitled ‘Invest in Oman.’ The Ministry of Commerce and Industry and Investment Promotion seeks to strengthen the trade relations of the Sultanate of Oman in cooperation with its partners, draw on regional and international experiences in the development of the Sultanate of Oman's investment system and complement the efforts of the two countries towards promoting trade and strategic economic partnerships.
The objectives of the visit were to increase intra-trade between the two friendly countries, as well as to strengthen trade, industrial and investment relations, diversify import and export sources and include holding bilateral meetings between businessmen and Omani investors with their counterparts on the American side, offer investment opportunities and follow up investors interested in investing in the Sultanate of Oman in the target sectors.
The trade delegation discussed investment opportunities in the ICT sector, health, tourism, energy, logistics and banking sector and reviewed the most prominent investment partnerships between the two countries, as well as meetings with the US Export Bank to activate the memorandum of understanding signed to finance projects and promote trade and investment cooperation between the two friendly countries. — ONA
In Houston, agreement was signed between ARDIC and STUP LLC in the agricultural field, aimed at strengthening trade and bilateral relations between the two countries, and contributing to the possibility of improving access to diverse and high-quality agricultural products (agriculture and sustainability products and services).
A partnership agreement was also signed in New York City between Asas Majan Development and Investment Company and the American 'Molly Cobb' company to establish the first factory in the Gulf Cooperation Council countries to manufacture grinding balls.
For its part, Oman’s Creative Thinking, which specialises in telecommunications and technical services in New York City, has signed a strategic partnership agreement with Netside, a global leader in distributing value added to the telecommunications network and digital infrastructure industry specializing in distribution, logistics, technical engineering and product design.
Ibtisam bint Ahmed al Faroojiyah, Under-Secretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion, confirmed that the visit complements the tireless efforts between the two friendly countries to explore and follow up on trade and industrial cooperation and investment partnership opportunities in the promising sectors, noting that the opportunities are favourable for companies and investors in the two friendly countries to increase investment volume, diversify import and export sources and facilitate the smooth movement of goods and products.
The two sides continued to seek to harmonize common objectives and orientations towards achieving partnership and integration, increasing Oman-United States investments and leveraging the benefits and incentives of the two countries to achieve integration into the various targeted investments in the target sectors.
A number of officials, representatives of the government sector, and a number of Omani companies and businessmen participated in the visit, entitled ‘Invest in Oman.’ The Ministry of Commerce and Industry and Investment Promotion seeks to strengthen the trade relations of the Sultanate of Oman in cooperation with its partners, draw on regional and international experiences in the development of the Sultanate of Oman's investment system and complement the efforts of the two countries towards promoting trade and strategic economic partnerships.
The objectives of the visit were to increase intra-trade between the two friendly countries, as well as to strengthen trade, industrial and investment relations, diversify import and export sources and include holding bilateral meetings between businessmen and Omani investors with their counterparts on the American side, offer investment opportunities and follow up investors interested in investing in the Sultanate of Oman in the target sectors.
The trade delegation discussed investment opportunities in the ICT sector, health, tourism, energy, logistics and banking sector and reviewed the most prominent investment partnerships between the two countries, as well as meetings with the US Export Bank to activate the memorandum of understanding signed to finance projects and promote trade and investment cooperation between the two friendly countries. — ONA