From The Report: Saudi Arabia 2023
View in Online Reader

Saudi Arabia is restructuring its innovation ecosystem, focusing on harnessing top scientists, researchers and inventors; increasing intellectual property; and attracting private investment and venture capital. Funding is being channelled into research, development and innovation (RDI). financing a diverse range of projects and partnerships. Synergising the three constituent components of RDI will be key to achieving these goals. There have been early signs of progress in this regard, with the Kingdom rising through global innovation-related rankings in recent years. Sector-specific strategies are also being explored to build a more productive innovation ecosystem that can support broad-based economic growth. Meanwhile, the entrepreneurial spirit of the Kingdom’s young, motivated and increasingly diverse workforce signals promise for advancements in the Saudi RDI space in the years ahead.

This chapter contains an interview with Munir Eldesouki, CEO, King Abdulaziz City for Science and Technology; and Head, Founding Team, Research Development and Innovation Authority.