KUWAIT: MP Ali Al-Deqbasi (center) speaks during a press conference to announce the Safinat Al-Amal (Ship of Hope) project yesterday. - Photo by Yasser Al-Zayyat

By Nawara Fattahova

KUWAIT: A Kuwait inventor has come up with an idea to support investors in realizing their inventions and protecting their intellectual rights. Abdulrahman Saleh Al-Heraibi presented his idea to MP Ali Al-Deqbasi, who considered it an important idea and submitted a law draft to approve the project.

Heraibi spoke about this project - Safinat Al-Amal (Ship of Hope) - during a press conference on Sunday. "Many inventors in Kuwait and other countries were not able to market their inventions. So I came up with this idea to establish a public company that will transform the inventions into real products and bring additional income to the public budget," he said.

This is a unique project. "This huge project is commercial and humanitarian at the same time. Realizing this project needs legislation, as it would be a public company owned by the government, and this is why I approached the member of parliament. This project will serve inventors of all nationalities and the government will also benefit from the production of the inventions," added Heraibi.

According to him, this public company will provide solutions for inventors and small and medium enterprises all over the world. "The company will produce the machines for the inventions and will sell the inventors this machine at an affordable price that suits their budget. So the inventor will be able to produce their invention themself and big companies won't be able to exploit these inventions. This will help their dreams come true," he noted.

Every project starts as a dream. "If we had told somebody that this industrial area Al-Rai will be a huge entertainment place with a shopping mall, cinema and hotel 20 years ago, nobody would've believed me. The same applies to this idea - Ship of Hope - which is in line with the New Kuwait 2035 vision and transferring Kuwait into a financial and trade center. I adopted this idea by submitting a draft law to the legislative committee at the parliament, and we hope it will pass," stressed MP Deqbasi.

There are further details of this project that will be discussed later. "Currently we are focusing on approving the law to establish this national public company. This is a unique and new idea in Kuwait and the world. I believe that after establishing this company, it will attract inventors from all over the world, especially since it will protect their patents and market them. This company will protect investors from unequal competition by big companies, as only inventors or small enterprises producing these inventions will have the right to produce them," Deqbasi explained.

"I will work hard to approve this law. I don't mind discussing it with specialized committees from the ministry of finance, Public Authority for Investment, Audit Bureau and other public institutions to highlight the economic benefits of this project and to take their opinions and suggestions. After approving the law to establish this company, we will discuss the details with the institutions in charge," concluded Deqbasi.

Heraibi concluded by mentioning more benefits of this project. "It will be a new source of public income through the manufacturing of the machines that will produce the inventions. This project will also boost the global economy due to buying raw materials for the production of the machines, in addition of dealing with banks and other financial institutions. Furthermore, it will shed light on Kuwait for proposing this new profitable and humanitarian idea that will help poor families."