Regulating laws for intellectual property rights to help Oman attract investments

Regulating laws for intellectual property rights to help Oman attract investments

Regulating laws for intellectual property rights to help Oman attract investments

Oman

Saturday 14/November/2020 21:01 PM

By: Times News Service

Muscat: The Ministry of Commerce, Industry and Investment Promotion has said that the regulatory laws for intellectual property (IP) rights will help in attracting commercial and industrial investments for innovation-based projects.The Ministry is looking to create a competitive business environment for the private sector to help the development of the national economy effectively.All indications are that the transfer of inventions to the stage of industrialisation, production and then marketing will help achieve good financial returns for inventors and companies.These factors will contribute in achieving growth, even as the Ministry makes vigorous efforts for the development of the intellectual property rights sector that supports the capabilities of inventors.In the last 10 months, more than 8,400