Recently Released Market Study: Research and Development in Saudi Arabia: Industrial Report
Research and development market sales up by 25% over review period despite 4% decline in 2010 and full recovery being reached only in 2012. Business purchases dominate with 64% share in 2012, while government spending increases most with 10% CAGR since 2007. Foreign companies served 38% of local demand in 2012, although imports' share gradually diminishes. Industry remains strongly fragmented, with 70% of businesses employing fewer than 10. 7% CAGR for industry turnover projected over forecast period.
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