Riyadh– The Kingdom of Saudi Arabia has jumped 15 ranks on the 2022 Global Innovation Index (GII) issued by the World Intellectual Property Organization (WIPO), after it realized advanced ranks on several sub-indicators and ranked among the top 10 internationally on four indexes, including the index of venture capital investment in emerging technological companies, where the Kingdom of Saudi Arabia ranked seventh, advancing 73 ranks, in addition to the indexes of accessibility to ICT infrastructure, organizational environment for doing business and the use of ICT infrastructure.
This improvement on GII is a result of innovative movement represented by the support of the wise leadership to the research, development and innovation sector in the Kingdom of Saudi Arabia, the integration of the innovation system and the Kingdom of Saudi Arabia’s launching of national aspirations and priorities for research, development and innovation that aim at making the Kingdom of Saudi Arabia one of the leading countries in the field of innovation worldwide in a way that realizing its ambitious vision in transforming into an innovation-based economy and contributing to the development and diversity of the national economy.
Source: Saudi Press Agency