Agrees to Memorandum of Understanding with Oman Foreign Minister to Promote U.S. Business Development Opportunities That Will Bring In Country Value to Oman and Jobs to Both Nations
FOR IMMEDIATE RELEASE January 8, 2021
Office of Communications (202-565-3207)
MUSCAT, OMAN – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed recently concluded a three-day visit to Oman focused on strengthening the U.S.-Omani relationship through a mutual commitment to economic development and prosperity in the United States and Oman. During her visit, Chairman Reed and Sultanate of Oman Foreign Minister His Excellency Sayyid Badr bin Hamad bin Hamood Albusaidi agreed to a Memorandum of Understanding aimed at enhancing trade and economic cooperation between the two countries.
Joining Chairman Reed in Oman were U.S. National Security Council Directors for the Arabian Peninsula Jordan Evert and K.C. Evans; EXIM Vice President, Economic Security, and Operations, Program on China and Transformational Exports Brad McKinney; EXIM White House Fellow Travis Thul; and EXIM Press Secretary Kelsey Koberg. U.S. Embassy in Oman Chargé d'Affaires and Deputy Chief of Mission Junaid Munir and Economic Officer, Political/Economic Section James Gallagher also participated.
“The friendship between the United States and Oman dates back more than 200 years, and the Export-Import Bank of the United States and Oman are committed to partnering to promote economic growth and prosperity for both our countries. I thank His Majesty Sultan Haitham bin Tarik Al Said, His Excellency Foreign Minister Badr Albusaidi, and the other high-level government officials and business leaders for the very robust and focused discussions that took place this week to promote U.S. exports in key sectors such as agriculture, aquaculture, 5G, and manufacturing that will bring ‘in country value’ to Oman,” said Chairman Reed. “It was an honor to participate in the MOU initialing ceremony with the Foreign Minister, as this action memorializes our commitment to enhancing economic cooperation between our two countries. I look forward to working together to identify opportunities in key sectors to allow the Omani people to gain greater access to high-quality ‘Made in the USA’ goods and services.”
EXIM Chairman Reed and EXIM team meets with Abdulsalam Al Murshidi, President of the Oman Investment Authority, and team members.
During her visit, Chairman Reed also met with the Oman American Business Center; President of Oman Investment Authority Abdulsalam Al Murshidi; Executive Vice President of the Central Bank of Oman Dr. Qais Issa Mohammed Al Yahyaiform; Secretary General of the Ministry of Finance Nasser Al Jashmi; and Credit Oman CEO Khalil Al-Harthy. She also was interviewed by the Oman News Agency.
EXIM Chairman Reed and Oman Foreign Minister Badr Albusaidi
As part of her meetings taking place in Gulf Cooperation Council (GCC) countries and Middle East and North Africa (MENA) region this week, Chairman Reed also visited Qatar and next will visit Sudan to underscore U.S. commitment to strengthening bilateral partnerships and advancing economic prosperity in the region.
Chairman Reed previously met with His Excellency Foreign Minister Badr Albusaidi in Manama, Bahrain, on December 5, 2020, on the margins of the 16th International Institute for Strategic Studies (IISS) Manama Dialogue, where Chairman Reed represented the United States as the U.S. delegate. During their meeting, His Excellency invited Chairman Reed to Oman to continue the dialogue on new opportunities for economic partnership, including the shared bilateral interest in transformational export sectors.
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, approximately 90 percent of the total number of the agency’s authorizations has directly supported small businesses. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt.
For more information about EXIM, please visit www.exim.gov.