Meanwhile, Egypt ranks as 35th top country in the amount of published scientific research this year.
In an event celebrating Science Day on Sunday, Egypt's president Abdel-Fattah El Sisi announced that state's spending on scientific research witnessed a 47% increase over the past 3 years, Egypt Independent reports.
Up from EGP 11.8 billion in 2014-15, El Sisi stated that government's spending on scientific research has reached EGP 17.5 billion in the current financial year 2016-17.
In a bid to encourage innovators and scientists, El Sisi announced plans to increase the number of awards given to scholars while doubling their financial value. In addition to establishing a fund-raising authority to support and finance innovators.
On the other hand, Egypt's Minister of Higher Education Khaled Abdel-Ghaffar announced Egypt's improved ranking among nations which produce the largest amount of scientific research, making it to the 35th position, up from 37th in 2015. The ranking is released annually by SCImago Journal & Country Rank.