Muscat, The three-day national seminar on ‘ science, culture and innovation indicators � expenditure on the research and development, organized by The Research Council (TRC) started at Oil and Gas Institute in the Innovation Complex in A’Seeb today under the auspices of Dr. Ali bin Masoud al- Sunaidy, Minister of Commerce and Industry and Deputy Chairman of the Supreme Council for Planning.
Dr. Hilal bin Ali al- Hinai, TRC Secretary General said that research and development is one of the key drivers for the knowledge-based economy and one of the key components of the national innovation system which integrates with other components of the system to achieve national priorities.
It should be noted that the states known for their strong economy and high competitiveness attach great interest to research and development in their strategic policies and national system. This is very clear from the fact that they may allocate up to 4% of the GDP to R&D activities. The government and private sector make their contributions to these allocations because R&D have great positive economic and social effects on society at large.
Source: Oman News Agency