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Muscat: Credit score Oman has reported an 18 p.c progress in native gross sales and exports reaching OMR104.69 million in the course of the first quarter of this yr in comparison with OMR88.34 million secured throughout the identical interval final yr.
Sheikh Khalil bin Ahmed Al Harthy, CEO of Credit score Oman, harassed that the corporate is constant its efforts to supply providers to Omani producers and exporters to extend their gross sales quantity each domestically and globally by offering a collection of insurance coverage providers that may contribute to extend gross sales of Omani merchandise each domestically and in worldwide markets.
He stated that Credit score Oman insured non-oil exports elevated by 6.18 p.c to OMR57.75 million within the first quarter of this yr in comparison with OMR48.31 million within the first quarter of 2023.
He additional stated the meals and client items sector witnessed a progress of 32 p.c in insured gross sales at OMR57.22 million in the course of the first quarter of 2024 in comparison with OMR43.32 million in the identical interval final yr.
Additionally, the petrochemicals and plastics sector witnessed an enormous progress in gross sales quantity by 134 p.c, with a complete worth of OMR11.32 million. Nevertheless, the worth of insured gross sales for the mining and clothes industries sectors at Credit score Oman decreased.
Sheikh Khalil additional highlighted that each one these achievements have been attributed to the operationalisation of main industrial initiatives, significantly in petrochemicals and plastics, alongside Oman’s strategic initiatives to maximise worth from oil and fuel sources.
These efforts are integral to driving financial progress and aligning with authorities measures to boost industrial capabilities and competitiveness, he additional added.
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