The Saudi Vision 2030 aims to increase Saudi Arabia's competitiveness and university rankings, which highlight the overall importance of research and development for the Kingdom of Saudi Arabia:
Research and development are especially critical in helping the Kingdom of Saudi Arabia achieve its long term goals. One of the kingdom’s goals, as stated in the Saudi Vision 2030, is to be among the top 10 countries in the Global Competitiveness Index by 2030, increasing from its rank of 25th in 2015. Two core components of the Global Competitiveness Index are directly related to research and development, and the kingdom can improve these only by increasing the competitiveness of its research and development. Another objective stated in the Saudi Vision 2030 is for at least 5 Saudi universities to be among the top 200 universities in international rankings. Achieving this objective requires that high quality research be performed at universities across the kingdom.
Both of these ambitions can be realized by supporting the research and development efforts in the universities and across national industries in a way that contributes to the stimulation of research and knowledge production, social development, economic development, and private sector partnership.
In recognition of the importance of strengthening the research and development ecosystem in Saudi Arabia by supporting universities and collaborating with different stakeholders, a total budget of SAR 6 billion has been allocated to this important program.