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Conscious of the need to diversify away from dependence on oil and gas revenue, and to increase job opportunities for an increasingly restive youthful population, Arab governments are redirecting their investments towards knowledge-intensive industries, having recognised the central role that innovation can play in the development of robust economies. Yet, although ambition and financial resources are not lacking, the key challenge will be to convert these advantages into a sustainable ecosystem environment for research and development (R&D). With sound policies and a long-term vision, however, the Arab world has the potential to become a significant hub for R&D over the next decade.
Laying the foundations: A new era for R&D in the Middle East is an Economist Intelligence Unit report that examines the steps that countries in the Middle East are taking to boost their attractiveness as recipients of R&D investment. The report is sponsored by the Advanced Technology Investment Company (ATIC). The Economist Intelligence Unit bears sole responsibility for the content of this report. The findings and views expressed in this report do not necessarily reflect the views of the sponsor. The report was written by Rob Mitchell and edited by Stephanie Studer.