Government expenditure on R&D in the United Arab Emirates is projected to show a consistent upward trend from 2024 to 2028. In 2023, the expenditure stood at 2.51 Billion US Dollars PPP. Forecasts indicate year-on-year increases of approximately 3.1% in 2024, 3% in 2025, 3% in 2026, 2.6% in 2027, and 2.8% in 2028. The CAGR over the last five years (2024-2028) is expected to be around 3%.
Future trends to watch for:
- Increased private sector collaboration with government R&D projects.
- Greater emphasis on sustainable and green technologies.
- Investment in AI and advanced manufacturing sectors.
