Saturday, 19 Oct 2019 | 20 Safar 1441
Global Innovation Index lab discusses Oman Vision 2040

Global Innovation Index lab discusses Oman Vision 2040

The two-day occasion was held at Institute of Oil and Gas in Muscat.

GII has turn out to be 1 of the important attributes in shaping how Oman will appear like in 2040. Sultanate’s overall performance on current GIIs was offered consideration whilst drafting the preliminary document of the Oman Vision 2040.

“In order to harmonise the sultanate’s efforts across all sectors and achieve integration, innovation has become an essential pillar for Oman Vision 2040. The Global Innovation Index has been adopted as one of the key performance indicators for this vision,” stated Dr Hilal al Hinai, secretary basic of TRC.

GII lab aimed to establish efficient relations and integrated hyperlinks in between the national innovation eco-program entities, create and market the innovation infrastructure in the sultanate, create the Omani human capital, diversify the sultanate’s sources of revenue, and confront the existing national challenges innovatively.

The panel discussions covered a variety of subjects, such as the innovation input, innovation output, Oman Vision 2040, and leveraging strengths and challenges toward information-primarily based economy.

H H Sayyid Dr Fahad bin al Julanda al Said, assistant secretary basic for Innovation Development at TRC, stressed that the GII is a tool that assists policy makers design and style policies for sustainable financial and social improvement.

“The Global Innovation Index report aims to analyse and study multiple innovation-related aspects, provide tools that can help design policies that enhance long-term economic growth, improve productivity and increase job opportunities,” Sayyid Dr Fahad added.

Dr Sacha Vincent, head of the Composite Indicator Research Section, Economics and Statistics, at the WIPO, stated that Oman can accomplish the information-primarily based economy by means of Oman Vision 2040 and by means of implementing the actions that are anticipated to be made from the workshop. Dr Sacha added that in addition to investment in human capital and infrastructure, it is really essential for the sultanate to invest in innovation and its outputs, such as patents.

Muhanna al Zuheimi, member of the National Innovation Strategy Indicators Follow-up Team, delivered a presentation on the sultanate’s rankings on the GII. Sultanate jumped eight spots in the Global Innovation Index 2018, reaching the 69th location out of the 126 nations.

Information Source: Muscat Daily

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