Saudi crown prince calls ‘national priorities’ for research, development projects
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Roshan Amiri
- . July 1, 2022
- . Update: July 2, 2022 12:04 am
Saudi arabia– According to Saudi Press Agency (SPA), Crown Prince Mohammed bin Salman of Saudi Arabia on Thursday unveiled national goals and priorities for the fields of R&D and innovation in order to raise the competitiveness of the kingdom.
Developments in the sectors of health, environmental sustainability, industrial leadership, and future economies consistent with Vision 2030 are among the twenty-year-long ambitions.
According to reports, in order to accomplish these goals, the research and development sector will be reorganized with the creation of a higher committee under the direction of the crown prince. This committee will be responsible for project and budget allocation, performance evaluation, and the facilitation of legislation and regulatory standards.
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Saudi Arabia hopes to establish itself as a global innovator by spending 2.5 percent of its GDP on innovation each year by 2040, which will contribute close to SAR 60 billion ($16 billion) to the GDP by that time.
According to SPA, the program will also generate thousands of jobs in the fields of innovation, research, and technology. The program, which will offer the best in digital healthcare and provide the globe with the newest pharmaceutical technologies based on biotechnological advancements, has been designed with the health of the Kingdom as its main priority.
According to SPA, Saudi Arabia seeks to find “radical treatments for chronic and non-communicable diseases” to extend people’s lives. Saudi Arabia wants to end its water scarcity and increase food security, and it wants to set an example for the rest of the world by protecting the environment, developing water technology, and producing food in green areas. This will work in tandem with already-available technology like carbon capture and cheap electricity generation.
Saudi Arabia will also try to maintain its leadership position while pioneering the development of new energy sources, including green hydrogen, solar, and wind. It will do this by utilizing its abundant natural resources and current edge as a major global energy supplier.
According to SPA, steps will also be taken to develop the rapidly expanding mining industry sustainably as well as to assure the sustainability of oil demand.
