عربي English Türkçe اردو فارسى
Logo
Latest News
Business

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)
TT
20
TT

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.

Most Viewed

 
Business

Monsha’at Showcases Saudi Arabia’s Entrepreneurship Journey at Expo 2025 Osaka

People attend a workshop within the Saudi Pavilion at Expo 2025 Osaka. (SPA)
People attend a workshop within the Saudi Pavilion at Expo 2025 Osaka. (SPA)
TT
20
TT

Monsha’at Showcases Saudi Arabia’s Entrepreneurship Journey at Expo 2025 Osaka

People attend a workshop within the Saudi Pavilion at Expo 2025 Osaka. (SPA)
People attend a workshop within the Saudi Pavilion at Expo 2025 Osaka. (SPA)

Saudi Arabia underscored its growing international presence as a hub for entrepreneurship through an interactive workshop held at its pavilion during Expo 2025 Osaka in Japan. The event aimed to highlight the Kingdom’s experience in supporting small and medium-sized enterprises (SMEs) and to foster opportunities for international collaboration in this vital sector.

The workshop, organized by the General Authority for Small and Medium Enterprises (Monsha’at), brought together around 30 participants from various countries. Monsha’at presented its integrated ecosystem designed to empower the Kingdom’s entrepreneurial landscape by simplifying business processes, boosting access to financing, promoting a culture of entrepreneurship, and encouraging innovation and the adoption of modern technologies.

Key initiatives were showcased, including the Biban Forum, an international platform that connects entrepreneurs with investors, highlights Saudi success stories, and offers opportunities for professional development. This initiative plays a significant role in positioning Saudi Arabia as a global hub for entrepreneurship.

Monsha’at also shared the Kingdom’s experience hosting the Entrepreneurship World Cup, one of the largest global competitions in its field. The event has attracted more than 420,000 participants from 191 countries, with 500 startups advancing to the final stage.

Over $5 million in cash prizes have been awarded, in addition to tailored training and development programs.

The workshop is part of Monsha’at’s broader participation in Expo 2025 Osaka, with the goal of promoting the Kingdom’s entrepreneurial ecosystem, showcasing its strategic initiatives, and expanding international cooperation, all aligned with the objectives of Vision 2030.

The Saudi Pavilion at Expo Osaka offers a multi-sensory experience centered on the Kingdom’s transformative journey under Vision 2030. It highlights Saudi Arabia’s commitment to enhancing quality of life through innovation and technological progress.

The pavilion also features immersive experiences that reflect the richness of Saudi cities, villages, and cultural heritage. Constructed using lightweight Saudi stone, the structure was designed by renowned architects from Foster + Partners to represent the Kingdom’s vision of building sustainable, empowered communities.