RIYADH, Saudi Arabia--(BUSINESS WIRE)--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.