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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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Saudi Arabia, Italy Sign MoU to Strengthen Collaboration in Renewable Energy

The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
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Saudi Arabia, Italy Sign MoU to Strengthen Collaboration in Renewable Energy

The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz has met in Riyadh with Italian Minister of Environment and Energy Security Gilberto Pichetto Fratin to explore avenues for cooperation across various energy sectors.

The two sides signed on Tuesday a memorandum of understanding (MoU) to strengthen collaboration between Saudi Arabia and Italy, serving their shared interests.

The MoU focuses on key areas such as energy transitions and security, renewable energy, electricity interconnection, energy efficiency, geothermal energy, methane emissions reduction, advancing energy storage solutions, petroleum, natural gas, and conventional and transitional fuels.

It also addresses enhancing the stability and reliability of petroleum and natural-gas markets, reducing market volatility, and improving energy supply security and supply chains.
The agreement highlights innovation and technology, such as hydrogen project development, climate-change mitigation solutions, the circular carbon economy, and carbon capture, utilization, and storage. Additionally, it emphasizes digital transformation, cybersecurity, and artificial intelligence in the energy sector while fostering joint initiatives to support engineering and construction projects in energy. These efforts align with the Paris Agreement and the 2030 Agenda for Sustainable Development.