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Sabic passes the milestone of 10,000 patents

June 17, 2014 2:24 pm

Saudi Basic Industries Corporation (Sabic) announced that is has passed the milestone of having more than 10,000 patents either issued or pending approval, making it the largest owner of intellectual property in the Middle East, Trade Arabia has reported. On average, Sabic files a new patent application every 18 hours, each based on the work of approximately four researchers. This represents greater efficiency than any other top ten company in the chemical industry.