$17 billion spent on private sector innovation in Saudi Arabia

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Arab News

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Wed, 2019-11-13 01:51

JEDDAH: Spending on innovation in Saudi Arabia’s private sector totaled more than SR64 billion ($17.5 billion) in 2018, a wide-ranging government survey revealed.
The Institutional Innovation Survey 2018, released by the General Authority for Statistics (GaStat) on Monday, also showed that spending on innovation reached 2.74 percent of the total expenditure in the private sector.
Results of the survey were published through GaStat’s website www.stats.gov.sa.

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Saudi Arabia

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Saudi private sector

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