The two-day occasion is becoming held beneath the patronage of H E Dr Ali bin Masoud bin Ali al Sunaidy, Minister of Commerce and Industry, and deputy chairman of the Supreme Council for Planning.
Dr Hilal Ali al Hinai, secretary common of TRC, stated the sultanate is amongst the nations that provides particular interest to analysis and improvement (R&D) in its program that aims at financial diversification and the establishment of an economy primarily based on information and innovation.
“Countries with robust economies and higher competitiveness are interested in R&D. These nations dedicate 4 per cent of GDP for analysis and improvement.
“The budgets are shared by governments with the private sector simply because it has a good influence on all segments of society. The budgets for R&D are nonetheless without having ambition. The sultanate pays interest to R&D inside its program for financial diversification and spent about .21 per cent of GDP for it in 2017.
“Although all the R&D indicators are crucial, expenditure on R&D is 1 of the important indicators in every of the Global Innovation Index (GII) report and the Global Competitiveness Report, which impacts the sultanate’s all round ranking on the GII, and the competitiveness.
Dr Ali al Shidhani, director of ICT Research, TRC stated, “The workshop aims at identifying appropriate indicators that measure R&D. It is also important to stress to the industrial sector and companies working in Oman to identify R&D within their activities, focus on them and report them systemically, so they can be counted as R&D activities.”
Information Source: Muscat Daily