Innovation and scientific research represent two main pillars of knowledge-based economy. In this type of economy, the interdependency between industries, universities and governments is a critical requirement. The role of the government includes supervision, affordability of institutional framework and even direct investment. The role of the universities includes further engagement and interaction of academic institutions with industry. In this context, this paper shows that the results of GCC countries in relation to innovation and scientific research are so far rather limited. An examination of the situation of GCC countries reveals that those economies need new approaches that look beyond the linear model of innovation, the classical dimensions of academic institutions and the lack of engagement of governments in the knowledge production process. © 2017 Serials Publications Pvt. Ltd.