Abstract

Our contemporary world witnesses the phenomenon of increasing dependence on scientific and technological information to employ knowledge in different applications. Economies of modern states have changed substantially from goods production to service and knowledge production at the end of the last century which has led to the emergence of knowledge economy due to the main changes in ways and powers of production.
The economy depending on invention and knowledge helped achieving high economic growth and motivating competence among countries. The principle of focusing on data and technology one of the basic factors in the contemporary economy. In addition, investment in knowledge economy will be essential to meet the challenge facing the Arab countries in creating new jobs through variation of economy and increasing investment in sectors related to knowledge which has great effects on development and income.