MUSCAT: The Oman Chamber of Commerce and Industry (OCCI) and the Oman American Business Council (OABC) have officially signed a Memorandum of Understanding (MoU), marking a significant step forward in strengthening business, trade, and investment ties between Oman and the United States.
The signing took place during a special Suhoor event held at Intercity Hotel in Al Khuwair, attended by over 200 OABC members. The evening not only included the announcement and signing of the MoU, but also meaningful networking with a focus on giving back, as the event spotlighted local charitable initiatives during the month of Ramadhan.
The MoU outlines a framework for sustained cooperation between the two organisations, with a focus on increased programming for US–Oman collaboration. Key areas include support for trade delegations, awareness-building around the US–Oman Free Trade Agreement and Exim Bank financing, co-hosted high-level business roundtables, and joint promotion of opportunities for Omani exports to the US market.
Shaikh Faisal bin Abdullah al Rawas, Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry, stated: “This Memorandum of Understanding represents a significant step towards strengthening economic and trade relations between the Sultanate of Oman and the United States. Collaboration with the Omani American Business Council underscores the importance of enabling Oman's private sector to benefit from investment and trade opportunities with the US market and expand commercial partnerships.
The Chamber is committed to providing a supportive environment for business owners and, through this partnership, aims to enhance trade exchange, empower Omani enterprises to access new markets, and leverage shared expertise and knowledge. This will serve common interests and contribute to sustainable economic development.”
“This MoU is not about words on paper—it’s about delivering real value,” said Ali Daud, Founder and Chairman Emeritus of the Oman American Business Council. “It reflects our shared commitment to move beyond handshakes and headlines, and toward tangible outcomes that benefit businesses on both sides. With OCCI as our strategic partner, we’re doubling down on trade and investments.”
Fouad Eid, Vice President of the Oman American Business Council shared: “OABC’s mission is to improve bilateral trade between the Sultanate of Oman and the United States. There is still so much untapped potential in increasing Omani exports to the US and attracting US investment into Oman. With this strategic cooperation, we believe that OABC and OCCI can fulfill this mission more effectively—because we are better together.”
Rebecca Olson, CEO of the Oman American Business Council, added, “We’re proud to formalise this partnership with OCCI at such a pivotal time for US–Oman relations. This collaboration amplifies the strengths of both organisations and allows us to support our members in a deeper, more strategic way. Together, we’re building a stronger foundation for the future of business between our two nations.”
The MoU reflects the strategic alignment of both organisations in advancing Oman’s Vision 2040 and in leveraging the US–Oman Free Trade Agreement to unlock new growth and investment opportunities.
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