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5/28/24, 2:39 PM Latest News
the regulation and protection of industrial property rights, the law on trademarks, and another
one on copyright and neighbouring rights.
The Ministry of Economy had launched a new comprehensive intellectual property system in
February 2024. This system includes 11 initiatives that cover all intellectual property
applications, in line with the UAE's vision to transition into an innovative and knowledge-
based economic model, as well as promote research and development.
The Ministry of Economy has made great strides in its efforts to regulate the issuance of
patents, improving its efficacy in attracting talents and creators of ideas and fostering
scientific research. As part of its new system, the Ministry launched the Patent Hive initiative,
which aims to increase the rate of patent approvals and stimulate innovation by offering
support to inventors and talented individuals seeking patents within the country. The initiative
has set a target of reaching 6,000 new patent registrations by 2026 through collaboration with
research and academic institutions. Additionally, it seeks to raise awareness on the
significance of documenting ideas and inventions.
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