Gross Domestic Expenditure on R&D in the United Arab Emirates witnessed substantial growth and is forecasted to continue on an upward trajectory. The value stood at $9.4 billion in 2023 and projects a robust upward path, reaching $10.7 billion by 2028. This represents a consistent year-on-year increase of around 2.8% to 3% each year, indicating a strong commitment to enhancing R&D activities.
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is projected to be approximately 2.8%, suggesting a stable and sustained increase in R&D expenditure.
Future trends to watch for include:
- Increased emphasis on innovation and technology-driven sectors
- Expansion of partnerships between the government and private sectors
- Heightened focus on sustainability and green technologies
- Increased investment in digital transformation and AI
- Potential for growth in healthcare and biotechnology research.
