Saudi Arabia Supports Aspirations of Vision 2030 Through Research, Innovation

 Riyadh’s Innovation Tower (Asharq Al-Awsat)
Riyadh’s Innovation Tower (Asharq Al-Awsat)
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Saudi Arabia Supports Aspirations of Vision 2030 Through Research, Innovation

 Riyadh’s Innovation Tower (Asharq Al-Awsat)
Riyadh’s Innovation Tower (Asharq Al-Awsat)

The Research, Development and Innovation Development Authority, which was established in June 2021, is holding successive workshops to develop the national strategy for the sector, to be announced at a later stage, within efforts to achieve the aspirations of Saudi Vision 2030.

Engineer Abdulwahed Alghanem, President of the Saudi Association of the Global Innovation Institute, said that the research and innovation sector was currently witnessing systematic reconstruction, with the aim to strengthen the research and innovation system in the Kingdom, in accordance with the directions drawn by Saudi Crown Prince Mohammed bin Salman.

He stressed that the Kingdom would lead the next wave of research and innovation in the Arab world and the Middle East, thanks to the excellent Saudi competencies, government support and the strong national economic system.

Alghanem noted that the Kingdom would not stop at producing research, inventions and ideas, but would seek to achieve an actual and tangible impact and an added value at the local, regional and international levels.

“We are starting to build innovative maturity, which requires steadiness, patience and continuous work. With proper implementation, we will reach our goal within years,” he underlined.

He continued: “It will take us three to five years to build the system, and we will see some encouraging results during that period, while the actual outcomes will be fruitful during the first decade of launching the sector’s strategy.”

The new phase seeks to develop an innovative system that fulfills the purpose of its establishment, and invests in the generous government support to achieve the goal of economic prosperity, according to Alghanem.



Saudi FM Leads High-Ranking Delegation to WEF Annual Meeting in Davos

The Saudi flag. Asharq A-Awsat
The Saudi flag. Asharq A-Awsat
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Saudi FM Leads High-Ranking Delegation to WEF Annual Meeting in Davos

The Saudi flag. Asharq A-Awsat
The Saudi flag. Asharq A-Awsat

A high-level Saudi delegation led by Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah will participate in the World Economic Forum (WEF) Annual Meeting in Davos on January 20-24.

The Kingdom’s delegation includes Minister of Commerce Majid Al-Kassabi; Minister of Tourism Ahmed Al Khateeb; Minister of State for Foreign Affairs, Cabinet Member, and Climate Envoy Adel Al-Jubeir; Minister of Investment Khalid Al-Falih; Minister of Finance Mohammed Al-Jadaan; Minister of Communications and Information Technology Abdullah Alswaha; Minister of Industry and Mineral Resources Bandar Alkhorayef, and Minister of Economy and Planning Faisal Alibrahim.

Taking place under the theme of “Collaboration for the Intelligent Age”, the 55th World Economic Forum Annual Meeting arrives at a time of growing geopolitical, economic and humanitarian challenges — from ongoing conflicts to a tepid global growth trajectory, and from the seismic impact of advanced technologies on labor markets and human capital to the increasingly urgent need for a practical and inclusive energy transition.

During its participation, the Saudi delegation will collaborate with leaders from government, the private sector, civil society and academia to address these pressing global challenges and shape a prosperous future. The delegation will also explore opportunities to drive disruptive innovation, unlock human potential, steer sustainable transitions and foster global dialogue.

The delegation will also share experiences and insights from its transformation journey and wide-ranging reform agenda under Saudi Vision 2030, which is building a more resilient, productive and integrated economy.

The Ministry of Economy and Planning (MEP) leads the Kingdom’s long-standing partnership with the WEF and has delivered impactful initiatives that have addressed pressing global challenges.
The 55th annual meeting of the World Economic Forum brings together representatives from more than 100 governments, major international organizations, and more than 1,000 major private sector players, in addition to young changemakers and representatives of civil society and academic institutions.