The Saudi Arabia research and development (R&D) community saw considerable expansion in 2024, with total spending climbing 30 4 percent to SR 29 48 bn ($ 7 86 bn), according to new data released by the General Authority for Stats (GASTAT).
The results highlight the Kingdom’s increasing press to enhance technology, scientific ability and financial competitiveness.
Business industry made up the largest share of R&D expense at 40 3 per cent, adhered to carefully by the federal government field at 40 2 percent.
R&D in Saudi Arabia
Higher education establishments contributed the remaining 19 5 percent, underscoring the significantly varied nature of the Kingdom’s development landscape.
Workforce engagement in R&D also enhanced greatly. The number of workers working in r & d tasks increased 14 7 percent in 2024, reaching 56, 593, showing broadening ability throughout public, private and academic establishments.
GASTAT claimed its yearly R&D statistics stand for among the Kingdom’s key indications for assessing research study task, offering an extensive picture of investing levels, labor force dimension and scientist circulation.
The authority kept in mind that the data offer a trustworthy referral factor for nationwide policymaking and assistance Saudi Arabia’s continual initiatives to boost technology, efficiency and long-term competition.
