‎Crown Prince unveils national priorities of research, development and innovation in next 2 decades

‎Crown Prince unveils national priorities of research, development and innovation in next 2 decades

Saudi Crown Prince Mohammed bin Salman announced the national aspirations and priorities for the research, development and innovation sector in the Kingdom over the next two decades.

Four priorities were set as human health, the sustainability of environment and basic needs, leadership in energy and industry and future economics. They aim to enhance the Kingdom’s global competitiveness and leadership, in line with Vision 2030.

Ambitious aspirations were approved for the research, development and innovation sector, to place the Kingdom about the world’s innovation leaders. The annual spending on the sector will account for 2.5% of the Kingdom’s GDP by 2040. The sector will contribute to developing and diversifying the national economy by adding SAR 60 billion to GDP by 2040. Moreover, thousands of high-value, quality jobs will be introduced in sciences, technology and innovation, Crown Prince Mohammed bin Salman added.

To achieve these goals, theresearch, development, and innovation sector was restructured with the formation of a higher committee headed by the Crown Prince.

The committee will enable legislation and regulatory standards in addition to project and budget allocation and performance monitoring.

Moreover, the best national and global talents will be attracted. Cooperation will be also strengthened with leading research center, global companies, the non-profit and