The Gross Domestic Expenditure on Research and Development (R&D) in Egypt is projected to increase steadily from 2024 to 2028, starting at $10.21 billion in 2024 and reaching $11.45 billion by 2028. This marks a year-on-year growth rate of approximately 3.1% to 3.2%. In 2023, the expenditure was $9.89 billion, indicating a compound annual growth rate (CAGR) of close to 3% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Government policies promoting innovation and R&D investment.
- Increased private sector involvement in research initiatives.
- Expansion in key sectors such as technology, healthcare, and renewable energy.
- Potential effects of global economic conditions on domestic R&D funding.
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