16/05/2018 08:31 AST

Oman is ready for the fourth industrial revolution the Secretary General of The Research Council (TRC) Hilal Al Hanaei said.

The fourth industrial revolution refers to this era wherein new technological breakthroughs will cause disruptions in a number of industries, and will be marked by robotics, artificial intelligence (AI), block chain, among others technologies. Moreover, it will lead to largescale automation and loss of many jobs.

He said that Oman had the ability to cope with the rapid automation and loss of jobs, adding that innovation, diversification and adaption on part of educational institutions would be key in doing so.

Hanaei remarked that Oman’s well established tradition of research in which TRC plays a key role would ensure Oman was ready for the change. He praised His Majesty Sultan Qaboos bin Said for his role in developing the country, adding that the same would continue when the fourth industrial revolution arrived.

“Before His Majesty, Oman had three elementary schools and no higher educational institutions, but all of that changed. Now, there is no shortage of schools and universities. Establishment of Sultan Qaboos University (SQU) was a huge step."

“Not only schools, but the importance of research was emphasised with the setting up of the TRC. The role of the TRC was to initially engage in capacity building and focus on key research areas relevant to Oman," he added.

“I have to say that we have come very far since the early days of the establishment of the TRC. Oman is now among the top 70 innovators in the world. By 2020, we want to break into the top 40 and the top 20 by 2040. The key is Oman’s position relative to the world. We have to keep moving faster than, or as fast as the rest of the world” Hanaei remarked.

The TRC Secretary Generalsaid that the key was to extract workable solutions from research. “In the past, we have spoken about moving to a knowledge based economy. For this, one needs to take the innovations and research and make them into solutions that can be applied in industries,” he added.

Hanaei also emphasised the importance of economic expansion and diversification (Tanfeedh) in generating jobs for the new economy. “The people who lose jobs to automation can very well be employed by new jobs created by diversification. This is why expanding our economy towards a non-oil and gas future is really important."

“Other needs such as infrastructure are also important. Fast broadband connections, for instance, are essential,” he said.


Times of Oman

Ticker Price Volume
QNBK 153.00 152,310
SABIC 117.00 1,658,676
WALAA 31.45 21,721
STC 83.00 167,158
RIBL 15.00 252,372
BURUJ 30.30 341,364
TAWUNIYA 65.90 178,408
ECA addresses ‘concept of sustainability in smart cities’

21/05/2018

Under the aegis of the Minister of Housing Majed A. Al-Hogail, the Economic Cities Authority (ECA) participated in the Sustainable Housing Forum recently at the King Abdullah Petroleum Studies and Re

Saudi Gazette

Oman is Kazakhstan's key oil and gas partner

21/05/2018

Oman is one of Kazakhstan's major partners in the oil and gas sector, according to the Central Asian nation's ambassador to Oman.

Speaking exclusively to the Times of Oman, Ambassador Yerz

Times of Oman

Real estate prices remain stable in Q1, 2018

21/05/2018

Qatar’s real estate prices have remained almost stable in the first-quarter (Q1, 2018) of this year compared to the previous quarter (October-December 2017), official data show.

The Real E

The Peninsula

LuLu to grant Dh32 million bonus to workers

21/05/2018

Another private company based in the UAE is giving away staff bonuses and this time more than 40,000 employees across the country and other markets will benefit.

Retail tycoon Yusuff Ali M

Gulf News

New business incubator for entrepreneurial creativity

21/05/2018

Dubai SME, the agency of the Department of Economic Development in Dubai, opened ‘Re: Urban Studio’ business incubator at Dubai Design District (d3) to give a boost to the small- and medium-enterpris

Gulf News