Draft law on investment in technology and innovation reviewed

Muscat: The working group formed by the State Council for dialogue with start-up companies in various sectors held its first meeting for the second annual session of the seventh term.

The meeting was headed by Dr Maryam bint Abdullah Al Awadiyah in the presence of the honourable members of the group and a number of General Secretariat employees.

During the meeting, the committee hosted a delegation from the Law Firm of Trowers & Hamlins International.

The aim was to discuss the Council’s Technology and Innovation Committee’s study of the draft law on ‘Investment in Technology and Innovation’.

This includes discussion on the institution’s perspective on the legislative environment for investment in the Sultanate of Oman and a review of the successful legislative models to attract investors in the technology sector, in addition to addressing the legislative requirements for the success of start-ups companies in general and technology in particular.

The study aims to identify the perceptions of start-up companies and their supporting companies towards the legislation in force related to the technology and communications sectors.