Potential of Fisheries Industry as a Contributor to Oman’s Exports and Economic Development

By • on July 1, 2020

The European Journal of Business and Management reported that on the development of marine biotechnology in Oman, Al-Belushi, et. al., (2015) found the potential for capacity building through open innovation, examined the current state of the art in the emerging and strategically important marine biotechnology sector in Oman, which has a long coastline, rich marine heritage and strong fishing industry. It was further stated in this study that in a knowledge-based economy, the ability to innovate is a key factor increasing organizational competitiveness and this may be achieved using open innovation. In addition, they said, that the use of open innovation to increase collaboration between companies, universities and government research institutes needs to be significantly strengthened.

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