SABIC wins 10,000 patents in the Middle East

GMT 21:15 2014 Thursday ,12 June

Arab Today, arab today SABIC wins 10,000 patents in the Middle East

Saudi Basic Industries Corporation
Riyadh - SPA

 Saudi Basic Industries Corporation (SABIC) has accomplished an achievement by winning 10,000 patents, making it the largest owner of intellectual property rights in the Middle East.
The corporation recorded 373 patent application in the year 2013, representing an increase of 300% in comparison with 2010. It is also expected that the year 2014 will witness a larger increase, as 159 patent applications were recorded during the first three months of the year only.
SABIC records a new patent application every 18 hours, based on the efforts of almost four researchers for every patent, and this rate exceeds the average of anyone of the first 10 companies in the field of chemical industry.


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