Muscat: Oxford Business Group (OBG) confirmed that the Sultanate has witnessed an increase of innovation and start-up activity as researchers, entrepreneurs and state entities pull together in response to the crisis.
OBG report noted that the Muscat-based Research Council has launched a Covid-19 research programme headed by experts from various research institutes across the country.
The programme’s focus is on financially supporting projects conducting short-term applied research in various clinical and non-clinical fields associated with the pandemic.
These include diagnostics, the role of telemedicine, the application of artificial intelligence, and the impacts on business and the economy, it said.
The report pointed to Makers Oman which is based at the Research Council’s Muscat Innovation Complex, has developed a digital artificial respiration device that simulates the ventilation system already approved for use in the country’s hospitals.
The prototype, which was developed in coordination with specialist doctors and engineers, has been subjected to several quality control tests in recent weeks, prior to large-scale production of the device.
The National Business Centre, which is linked to Madayn, previously known as the Public Establishment for Industrial Estates, took part in a virtual global start-up competition between April 24 and 26, aimed at stimulating new ideas to combat Covid-19, the report said.
Of the Omani participants, start-up Wareed came first with its new digital platform designed to quickly connect suspected Covid-19 patients with their doctors.
The start-up weekend followed the launches of several other digital platforms developed in response to specific economic and social challenges that have been presented by the pandemic.
In addition, the Muscat Municipality has been using drones both to sterilise neighbourhoods and to conduct remote temperature tests on those suspected of having the virus, it said.
The report said that the Sultanate acted quickly to limit the spread of the virus. A range of measures were implemented, including travel restrictions on international flights and internal public transportation services, the closure of all schools, universities, and non-essential shops.
In its report, OBG noted that in an effort to cushion the worst of these impacts, on April 15 the government announced that Omanis whose salaries have been reduced are entitled to have bank loans restructured with no additional interest or fees.
Fuel subsidies will also be provided, and electricity and water bills have been frozen until the end of June. These measures come in addition to earlier government announcements that it would be suspending municipal taxes and some government fees until the end of August, as well as rent payments for companies operating in industrial zones. Port and air freight fees have also been reduced.
This is in addition to a six-month suspension on loan repayments for borrowers from the Oman Development Bank and the small and medium-sized enterprise support fund was similarly announced, the report said.
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