Boosting Domestic and Export Trade
Credit Oman SAOC, formerly known as the Export Guarantee Financing Unit (EGFU), has been at the forefront of facilitating domestic and export trade in Oman for the past 30 years. With a strong commitment to Oman’s economic development, Credit Oman has played a pivotal role in shaping the country’s trade landscape.
Through its comprehensive range of services, Credit Oman has been instrumental in supporting local businesses and enabling them to expand their operations. By providing trade credit insurance, financing, and guarantee solutions, Credit Oman has empowered Omani companies to confidently engage in trade, both domestically and internationally.
Driving Oman’s Exports
Credit Oman has been a driving force behind Oman’s export growth. By providing export credit insurance, which protects exporters against the risk of non-payment by overseas buyers, Credit Oman has given Omani companies the confidence to explore new markets and seize international business opportunities.
This support has been particularly beneficial for small and medium-sized enterprises (SMEs), which often face challenges when entering foreign markets. With Credit Oman’s backing, SMEs have been able to expand their reach and contribute to Oman’s export growth.
Contributing to Oman’s Economic Development
Credit Oman’s contributions to Oman’s economic development extend beyond trade facilitation. The organization actively collaborates with various government entities, trade associations, and international organizations to promote economic growth and enhance the competitiveness of Omani businesses.
Through its initiatives and partnerships, Credit Oman fosters an enabling business environment that encourages entrepreneurship, innovation, and market diversification. By supporting the growth of local businesses, Credit Oman plays a vital role in creating employment opportunities and driving overall economic prosperity in Oman.
