Forbes: Aramco most innovative Saudi company

Forbes: Aramco most innovative Saudi company

Forbes has unveiled a list of the most innovative Saudi companies that have obtained the highest number of international patents and made giant leaps in recent years.

It noted that the total number of patents obtained by Saudi Aramco from its founding in 1933 until 2010 is about 100, and in 2021 only, the company obtained 864 patents from the United States Patent and Trademark Office, thus ranking first as the most innovative company and entering the list of the top 50 global companies and universities that obtained patents this year. In 2022, the company reinforced its efforts in research and innovation, with the number of patents increasing to 963. Saudi Aramco also ranks first in the oil and gas sector globally.

According to the US magazine, the Saudi government, with the support of major telecommunications and industrial companies, has worked over the past decade to develop the country’s innovation ecosystem, and these efforts have begun to bear fruit.

“Today, Saudi Arabia is among the fastest transforming countries in the world, as it is diversifying its economy and introducing whole new sectors,” the report added.

According to Forbes, Saudi Arabia jumped 15 ranks on the Global Innovation Index 2022 issued by the World Intellectual