News

Muscat, Oman – 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 Suhour 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 Ramadan.

The MOU outlines a framework for sustained cooperation between the two organizations, with a
focus on increased programming for U.S.–Oman collaboration. Key areas include support for
trade delegations, awareness-building around the U.S.–Oman Free Trade Agreement and EXIM
Bank financing, co-hosted high-level business roundtables, and joint promotion of opportunities
for Omani exports to the U.S. market.

His Excellency Sheikh 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 Center underscores the importance of
enabling Oman’s private sector to benefit from investment and trade opportunities with the U.S.
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 U.S. and attracting U.S. 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
formalize this partnership with OCCI at such a pivotal time for U.S.–Oman relations. This
collaboration amplifies the strengths of both organizations 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 organizations in advancing Oman’s Vision
2040 and in leveraging the U.S.–Oman Free Trade Agreement to unlock new growth and
investment opportunities.

The Oman American Business Council (OABC), in collaboration with its Premium Member DLA Piper LLP, successfully hosted an exclusive seminar on Navigating Economic Sanctions Laws, providing business leaders with critical insights into the ever-evolving global regulatory landscape.

The seminar featured Ramsey Jurdi, Partner at DLA Piper LLP, a leading expert in international disputes, regulatory matters, and trade compliance. Based in Dubai, Ramsey has extensive experience advising U.S. and international businesses on economic sanctions, export controls, and regulatory compliance. He is also a four-term elected President of the American Business Council of Dubai & the Northern Emirates, actively promoting U.S.-UAE trade and investment.

In his comprehensive presentation, Ramsey covered key topics shaping global sanctions compliance, including:

• The Changing Sanctions Compliance Landscape

• Russia Services Prohibitions and Asset Freezes

• Export Control

• Russia Oil & Gas Restrictions

• Latest Developments on Iran Sanctions

• China-Related Sanctions and Regulatory Challenges

DLA Piper LLP and Al Lawati Law Firm were proud sponsors of the event, highlighting the importance of having a strong local presence when navigating complex regulatory frameworks. Nic Henrikson and Mehdi Al Lawati from Al Lawati Law Firm, DLA Piper’s collaboration partner in Oman, emphasized the critical role that local legal expertise plays in helping businesses understand and comply with evolving sanctions and trade regulations.

Nic Henrikson, speaking on behalf of DLA Piper LLP, emphasized the significance of staying informed on evolving sanctions regulations: “As global sanctions laws continue to shift, businesses operating in the GCC must remain proactive in their compliance strategies. Understanding these regulations is not only essential for risk mitigation but also for maintaining a strong position in international trade. We are pleased to collaborate with OABC in bringing these critical discussions to the business community in Oman.”

OABC CEO Rebecca Olson praised the success of the seminar, highlighting the value it brought to attendees: “This was one of the most insightful legal seminars we have hosted. Ramsey Jurdi was an incredibly clear and concise presenter —his expertise and ability to simplify complex sanctions laws made this a highly valuable session for our members and guests. We are proud to provide these opportunities for the business community and remain committed to facilitating discussions that have a real impact on companies operating in Oman and the region.”

Attendees had the opportunity to engage in a dynamic Q&A session, gaining direct insights into how these regulations impact business operations in Oman and the GCC. The seminar also provided a valuable networking opportunity, allowing professionals from various industries to connect and exchange perspectives on compliance challenges.

The OABC extends its gratitude to DLA Piper LLP and Al Lawati Law Firm for their generous support in making this event possible. As regulatory landscapes continue to shift, OABC remains committed to providing its members and the wider business community with timely and relevant discussions on key global developments.

Muscat, Oman – January 2025: The Oman American Business Council (OABC, AmCham Oman) held its Biennial General Meeting (BGM) on January 21st at the Hormuz Grand Hotel, celebrating significant milestones, unveiling new initiatives, and introducing its newly elected Board of Directors.

Since the last BGM, OABC, the official affiliate of the U.S. Chamber of Commerce in Oman, has hosted an impressive 109 events. In 2024 alone, the organization welcomed 100 new members. These achievements underscore OABC’s role as a critical hub for business, trade, and investment in Oman, driving engagement across sectors and fostering valuable connections.

Rebecca Olson, CEO of OABC, shared: “This year’s BGM reflects OABC’s momentum and the growing impact of our community. Together, we’re creating opportunities for businesses to thrive, building connections, and fostering partnerships that benefit both Oman and the United States.”

New Board of Directors

The BGM also saw the election of OABC’s new Board of Directors, who will lead the organization into its next chapter. The elected members are:

• Ali Daud (Chairman)
• Fouad Eid (Vice Chairman)
• Talal Al Subhi (Emdaad Petroleum)
• Nourah Mehyar (Nafith Logistics)
• Samir Messaoudi (Sheraton Hotel)
• Khaled Kassar (Better Medical Solutions)
• Ahmed Al Barwani (Al Tamimi Law Firm)
• Davis Kallukaran (Crowe Oman)
• Faisal Al Nabhani (State Street)

Outgoing Board Members, including Matt Olson, Marla Valdez, Dr. Mohab Al Hinai, and Shayan Sumar, were honored for their invaluable contributions and dedication.

Exciting Announcements and Initiatives

The BGM highlighted OABC’s commitment to empowering businesses with new tools and opportunities. The organization introduced three signature trade programs—U.S. Import Easy, U.S. Export Compass, and Gateway Oman—designed to simplify trade processes and maximize the benefits of the U.S.-Oman Free Trade Agreement (FTA).

OABC also announced its new partnership with Qatar Airways, offering exclusive discounts for members and opportunities for further collaboration in 2025.

Ali Daud, OABC Chairman, emphasized the importance of these initiatives: “OABC’s focus on facilitating trade and fostering partnerships through the U.S.-Oman FTA is a cornerstone of our work. These programs ensure businesses have the tools and connections they need to grow, succeed, and contribute to Oman’s economy. With a new Board in place, we welcome a new era of impact.”

A Vibrant Evening of Networking

Following the presentations, attendees gathered for a lively networking session, celebrating OABC’s achievements and plans for the future. The evening featured a raffle, with prizes sponsored by the Hormuz Grand Hotel, adding excitement to the event.

About the Oman American Business Council (OABC)

The Oman American Business Council is Oman’s largest and most active business network, fostering trade, investment, and partnerships between Oman and the United States. Through innovative programs, advocacy, and unparalleled networking opportunities, OABC helps its members navigate the complexities of international business and strengthens economic ties between the two nations.

The Oman American Business Council (OABC) Tourism Committee recently held a high-level roundtable, bringing together top industry leaders from Oman’s tourism sector. Con Korfiatis, CEO of Oman Air and guest speaker for the event, addressed CEOs and general managers from leading hotels, tour companies, and tourism organizations. His presentation covered Oman Air’s vision for bolstering Oman as a global tourism destination and shared strategies aimed at attracting more visitors, including new initiatives to encourage extended stays through Oman Air’s stopover programs.

This gathering, held at Europcar’s regional HQ for Oman and Bahrain, highlighted the Tourism Committee’s role, established in 2023, as a dedicated platform for industry professionals to connect, provide feedback, and stay informed on emerging trends. The Committee is committed to supporting Oman’s goal of building a thriving, year-round tourism sector, with a special focus on welcoming American tourists and increasing summer tourism in Oman—an objective aimed at placing Oman on par with neighboring destinations that experience peak tourism during the summer months.

Rebecca Olson, CEO of OABC, emphasized the significance of Oman Air’s engagement with the committee, noting, “We were honored to host Con Korfiatis in his role as CEO of Oman Air, especially given his busy schedule. Events like this one are exactly why the Tourism Committee exists—to bring industry leaders together to share insights and collectively support Oman’s tourism ambitions, which are too big for any one entity to achieve alone. Thanks also to Europcar for hosting the event, always looking for ways to support Oman’s business community.”

Nitin Sapre, CEO of Europcar Oman & Bahrain, also expressed his appreciation for the gathering, adding, “It was a privilege to host this important discussion with OABC and Oman Air as part of our commitment to supporting Oman’s business community.”

OABC welcomed delegates from the space industry this past week at our office in Bait Al Reem for a conversation on business in Oman.

We were honored to welcome Farhat Jahangir to share his relevant insights on GSME’s entrance into Oman’s (growing!) semiconductor sector, how the U.S.-Oman FTA influenced the decision to set up in Muscat, and his experience working with Omani entities to expand the business. Thank you, Farhat, for sharing areas of crossover that relate to other new sectors like space, and for joining OABC’s CEO, Rebecca Olson, in sharing positive remarks about the Sultanate with our guests.
We hope the session will pave the way for more communication, in-person visits, partnerships and eventually, success in Oman and growth for these companies. Thanks to the Department of State’s Office of Global Partnerships for their work in organizing the delegation, to the U.S. Embassy Muscat for the collaboration, and to each delegate for your questions and interest in OABC. Read more here.

OABC was honored to host Judith D. Pryor, First Vice President and Vice Chair of the Board at the U.S. EXIM Bank, for an exclusive, high-level roundtable with senior representatives from Oman’s banking sector.

The discussion centered on the $500 million Memorandum of Understanding (MOU) between Oman and the U.S., designed to increase financing for key projects in Oman and facilitate the purchase of U.S. exports. Judith Pryor shared valuable insights on how EXIM Bank can work alongside Omani banks to support economic growth and enhance financing solutions for major sectors.

This high-level dialogue underscored the significant opportunities created by the MOU and set the stage for strengthened financial cooperation between the U.S. and Oman.

Click here to see more.

Our premium members had the exclusive opportunity to engage with Jason Buntin, who played a key role in drafting the Oman-USA Free Trade Agreement (FTA). Jason shared invaluable insights on the FTA and offered practical guidance on how businesses can leverage this agreement for success.

Click here to see more.

Muscat, Oman – The Oman American Business Center (OABC) recently hosted a successful Oman Future Fund Webinar, showcasing investment opportunities through the Oman Future Fund. The event saw high engagement from OABC members and a strong presence from U.S. companies, keen to explore business prospects in Oman.

The webinar, held in partnership with the Oman Embassy in Washington DC, featured a presentation by Sultan Al Busaidi, representative of the Oman Investment Authority (OIA) and the Future Fund Oman, who highlighted the submission requirements, target segments, key investment sectors including agriculture, mining, information technology and communication, green energy, fisheries, logistics and more.

Ali Daud, President and Chairman Emeritus of the Oman American Business Council, emphasized the significance of Oman’s investment potential, stating, “The Oman Future Fund offers a strategic gateway for international investors to access Oman’s growing economy and diverse sectors. We are excited to see so much interest from U.S. firms in partnering with Oman for long-term growth.”

OABC’s CEO, Rebecca Olson, highlighted the collaborative effort behind the event, saying, “This webinar is a testament to the willingness of Omani entities to engage with U.S. companies and investors across a variety of ways. We’re proud to have connected our members with such valuable information, and the participation from U.S. companies speaks volumes about the interest in Oman’s investment potential.”

The OABC’s Tourism Committee came together on April 29 for an inspiring brainstorming session. The OABC extends its heartfelt gratitude to Grand Hyatt Muscat Hotel for graciously hosting the meeting.

The session was marked by the exchange of brilliant ideas and enthusiastic discussions on enhancing tourism initiatives. From innovative strategies to collaborative partnerships, members contributed valuable insights aimed at advancing Oman’s tourism sector. Click here for more!

On February 22nd, the Oman Tourism Committee kick-off meeting took place at the Sheraton Hotel Muscat, and it was nothing short of inspiring! It was a focused gathering where the best ideas came together, setting the stage for exciting initiatives ahead. Read more