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Research and Development expenditure in Saudi Arabia soars to SR19.2 billion

Bynewshuntexpress

Nov 3, 2023


Saudi Gazette report

RIYADH — The expenditure on research and development reached SR19.2 billion, showing a significant increase of 32.7% compared to 2021, according to new figures from the General Authority for Statistics (GASTAT).

GASTAT released on Friday the Research and Development Statistics Report for 2022.

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The report detailed the proportional distribution of funding among sectors. Government sector funding amounted to SR11.1 billion, constituting 58% of the total research and development funding. Private sector funding amounted to SR7.5 billion, accounting for 39% of the total funding. Meanwhile, the education sector received 3% of the total funding, amounting to SR558 million.

The Authority pointed out that compared to 2021, the total number of researchers in the country increased by 21.6% in 2022, reaching 30,160 people. The education sector comprised 89% of the total number of researchers, with 26,750 researchers, followed by the private sector with 6%, totaling 1,810 researchers, and the government sector with 5%, with 1,590 researchers.



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