KSA ranks 23rd in number of patents granted by the US Patent and Trademark Office

The King Fahd University of Petroleum & Minerals (KFUPM) campus is shown in this photo from the university's Facebook page. KFUPM ranked seventh among the top 10 universities in the world in terms of the number of patents granted by the United States Patent and Trademark Office in 2017.
Updated 17 April 2018
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KSA ranks 23rd in number of patents granted by the US Patent and Trademark Office

  • The bulk of the patented Saudi inventions are scientific
  • KFUPM and Saudi Aramco hold most of the patents filed by Saudi Arabia

RIYADH: Saudi Arabia has ranked 23rd among 92 countries in terms of patents granted by the United States Patent and Trademark Office (USPTO) in 2017. The vast majority of these patented inventions are scientific.
According to StatNano, which publishes at the beginning of each year a report on the status of nanoscience, technology and innovation in the previous year, Saudi Arabia was granted 664 patents last year, compared to 517 in 2016 and 409 in 2015. What’s more, the latest number is double that of all Arab countries combined during the same period.
This year, King Fahd University of Petroleum & Minerals (KFUPM) ranked seventh among the top 10 universities in the world in terms of the number of patents granted. “The university achieved 183 patents in 2017, surpassing Johns Hopkins University, Harvard College and California Institute of Technology,” said Dr. Khaled bin Saleh Al Sultan, president of the Dhahran-based university.
“The university has been granted more than 800 patents so far, and this number is over 60% of the total number of patents registered by all Arab countries’ universities, which number about 300,” he added.
Together with the university, Saudi Aramco — which was granted 233 new patents in 2017 — secured more than two-thirds of the total number of patents last year. In 2016, Aramco was awarded 175 new patents and filed for 285 new patents.
The latest news about patents comes at a time when Saudi Arabia has put focus on digital transformation and improvement of opportunities in diverse fields — from technology and tourism to arts and entrepreneurship.
Saudi Arabia has, for the first time, also claimed a spot among “Top Ten Countries in Nanotechnology Patents in 2017,” according to a StatNano report last month. The report says “the reason is the growth of 128% in the number of nanotechnology published patent applications of this country in 2017.
The number of nanotechnology published patent applications in USPTO in 2017 shows a growth of 3.2% in comparison with 2016.”
The significant rise in the number of patents is one indicator that Saudi Arabia’s ambitious Vision 2030 plan has already started to bear fruit.

 


Green light for crown prince-led Saudi privatization program

Updated 25 April 2018
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Green light for crown prince-led Saudi privatization program

  • The Privatization Program is one of 12 key elements of the Saudi Arabia’s Vision 2030
  • The program is aimed at increasing job opportunities for Saudi nationals

RIYADH: Saudi Arabia’s Council of Economic and Development Affairs on Tuesday approved the Privatization Program that is one of 12 key elements of the Kingdom’s Vision 2030. 

The program is aimed at increasing job opportunities for Saudi nationals, attracting the latest technologies and innovations, and supporting economic development.

It encourages both local and foreign investment in order to enhance the role of the private sector, with government entities adopting a regulatory and supervisory role. The aim is to increase the private sector’s contribution to GDP from 40 percent to 65 percent by 2030. 

The program will aim to reach its objectives through encouraging the private sector to invest in establishing new schools, universities and health centers, while the government pursues its organizational and supervisory role in health and education.

The privatization program aims to benefit from previous success stories, with the private sector’s collaboration in the development of infrastructure, and its involvement on a large scale in sectors such as energy, water, transport, telecommunications, petrochemicals and finance.

The program sets out a series of objectives in three areas: Developing a general legal framework for policies related to privatization; establishing organizational foundations and dedicated institutions to execute the policies; and setting a timescale for their delivery. 

The Council of Economic and Development Affairs is headed by Crown Prince Mohammed bin Salman.