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Gulf states look to innovate beyond oil

18 July 2011 Last updated at 22:50 BST

The Gulf region in the Middle East has traditionally focused on investing in new technologies for the oil and gas sector.

Oil-wealth has helped this region boom. But governments are realising that they need to prepare their economies for when the oil runs out.

They have a long way to go, ranking low on INSEAD's recent Global Innovation Index.

Katy Watson reports.

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