Scrutinizing the Trends and Indexes of the Knowledge Economy in the Kingdom of Saudi Arabia

Abstract

This study focusses on the concepts of significance to the knowledge economy and its characteristics in the Kingdom of Saudi Arabia. Qualitative and quantitative research methodology design has been incorporated to validate the study. The outcome of the study exhibited that the Kingdom of Saudi Arabia has achieved progress according to the research and development index. The rate of expenditure as a ratio from the Gross Domestic Product is still negligent and modest in comparison with the international expenditure rates. It has been recommended to adopt an effective mechanism for the consolidation of the relations between the scientific research institutions and the productive and service sectors. 

Keywords: Knowledge economy, digital economy, human development, information technology, Kingdom of Saudi Arabia.