Technology development is central to Kuwait’s long-term plans to diversify the economy, with the government attempting to position the country as a regional leader in ICT and financial services. The competition in those spaces across the GCC is fierce, and countries such as the UAE and Saudi Arabia are making concerted investment in ICT infrastructure and financial technology. The highly...
ICT
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The economy of Kuwait has long been underpinned by the production and export of crude oil. Although the rise in energy prices in 2021-22 boosted government revenue and macroeconomic stability, the Covid-19 pandemic, which preceded the commodity price boom, underscored the risk of over-reliance on an industry subject to fluctuating global demand. This has created fresh impetus for economic diversification, with robust public finances providing a strong platform to...
Articles & Analysis | Saudi Arabia bolsters innovation through R&D from The Report: Saudi Arabia 2022
A productive cross-sectoral innovation ecosystem underpins the world’s leading economies, enabling countries such as the US, China and Germany to respond effectively to existential challenges, economic inefficiencies and commercial opportunities – ultimately bolstering economic sustainability. In recognition of this, Saudi Arabia’s government is working to plug gaps in the...
Articles & Analysis | Saudi Arabia leverages disruptive technologies to solve pressing challenges from The Report: Saudi Arabia 2022
Economy-wide digitalisation and a steadily developing innovation ecosystem are aiding socioeconomic development in Saudi Arabia. When strategically implemented and harnessed, innovative and disruptive technologies not only positively impact commercial economic performance, but also equip nations to find cost-effective solutions to pressing...
Interviews & Viewpoints | Munir El Desouki, President, King Abdulaziz City for Science and Technology (KACST): Interview from The Report: Saudi Arabia 2022
How can the Research, Development and Innovation Authority (RDIA) enhance the research, development and innovation (RDI) ecosystem?
Chapter | Innovation from The Report: Saudi Arabia 2022
A productive cross-sectoral innovation ecosystem underpins the world’s leading economies, enabling countries such as the US, China and Germany to respond effectively to existential challenges, economic inefficiencies and commercial opportunities that ultimately bolster economic sustainability. In recognition of this, Saudi Arabia’s government is working to plug gaps in the Kingdom’s own...