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Saudi Arabia Spends $3.8 Billion on Research, Development

The government recorded the highest percentage of expenditure on research and development (SPA)
The government recorded the highest percentage of expenditure on research and development (SPA)
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Saudi Arabia Spends $3.8 Billion on Research, Development

The government recorded the highest percentage of expenditure on research and development (SPA)
The government recorded the highest percentage of expenditure on research and development (SPA)

The total expenditure on research and development in Saudi Arabia reached SR14.5 billion ($3.8 billion) in 2021, the General Authority for Statistics (GASTAT) revealed on Wednesday in its statistics publication for 2021

Government spending made up 50 percent of the total expenditure on research and development, while the private sector made up 35 percent and the education sector 15 percent.

The data showed that the number of workers in this field reached 30,220, and the number of researchers recorded during 2021 reached 24,808.

The education sector spent 15 percent of its expenditure on research and development. It registered the largest percentage of workers, 25,178, in the field of research and development, or 83 percent of the total number.

The government recorded 2,967 workers, or 10 percent of total workers, while the private sector ranked last with 2,075 workers, or 7 percent, in 2021, according to the publication.

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Syria, World Bank Discuss Tools to Support Syrian Economic Recovery

People wait their turn in a queue outside an ATM in Damascus on April 16, 2025. (Photo by LOUAI BESHARA / AFP)
People wait their turn in a queue outside an ATM in Damascus on April 16, 2025. (Photo by LOUAI BESHARA / AFP)
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Syria, World Bank Discuss Tools to Support Syrian Economic Recovery

People wait their turn in a queue outside an ATM in Damascus on April 16, 2025. (Photo by LOUAI BESHARA / AFP)
People wait their turn in a queue outside an ATM in Damascus on April 16, 2025. (Photo by LOUAI BESHARA / AFP)

Members of the Syrian government and a delegation from the World Bank discussed in Damascus tools to support Syria's economic recovery, the Syrian foreign ministry said on Wednesday.

Sources told Reuters on Saturday that Syrian officials are planning to attend the annual spring meetings held by the International Monetary Fund and World Bank in Washington, D.C. this month, which would be the first such visit in at least two decades.

Syria has around $15 million in arrears to the World Bank which must be paid off before the international financial institution can approve grants and provide other forms of assistance.

But Damascus is short of foreign currency and a previous plan to pay off the debts using assets frozen abroad did not materialize, according to two people familiar with the matter.

A technical delegation from the World Bank met with Syria's Finance Minister Mohammed Yosr Bernieh on Monday, according to the Syrian state news agency Sana.
The meeting, which was the first public meeting between the Syrian government and the World Bank, included discussions on strengthening financial and economic ties between the two sides.
Bernieh also highlighted the negative effects of the international sanctions imposed on Syria and policies of the former regime on the country's financial and banking sector.