Business

Saudi Arabia Unveils An Initiative To Invest USD 83.2 Million To Strengthen Research Labs

The first-ever financial initiative, worth $83.2 million, has been unveiled by the Research Development and Innovation Authority (RDIA) to support research laboratories across Saudi Arabia.

In line with the national research priorities declared by Crown Prince and Prime Minister Mohammed bin Salman—who also holds the position of chairman of the Supreme Committee for Research, Development, and Innovation—this project seeks to improve research facilities and laboratories throughout the Kingdom.

A nationwide open-access portal that offers expedited access to the Kingdom’s funded research infrastructure was unveiled during the event.

The portal’s objectives are to promote open collaboration, empower creators and innovators, and make it easier for people to access research facilities.

This funding will go to thirty organizations, which include hospitals, universities, labs, and private companies that work in different fields of science.

With 41% of the recipients concentrating on human health, 27% on environmental sustainability and basic needs, 19% on energy and industry leadership, and 13% on future economics, the recipients come from a wide range of fields.

Raeesa Sayyad
Published by
Raeesa Sayyad

Recent Posts

Juan Monteverde on Appraisal Rights and the Pursuit of Fair Value After a Merger

A merger premium looks generous on announcement day. The offer sits well above the prior… Read More

2 hours ago

How Manufacturers Can Find the Source of Repeated Material Flow Disruptions

The conveyor starts moving again, so everyone gets back to work. Twenty minutes later, the… Read More

20 hours ago

How to Compare Online Gold Buyers Before Selling Precious Metals

Gold has been a standout performer for British households. Gold price hit a record £4,068.11… Read More

1 day ago

The Words Behind Msb Mario’s Spoken Word

An interview on the writing behind selected works. Msb Mario, also known as “El Niño… Read More

3 days ago

How VMNewswire Fits Into a Startup Launch Communication Plan

A startup launch involves more than announcing that a company exists. Prospective customers need to… Read More

3 days ago

Ann Brandau Explains Why Healthcare Analytics Only Matters If Someone Acts on It

Few hospitals are short on data. Claims, quality measures, staffing reports, patient-experience surveys, and payer… Read More

3 days ago