Page 46 - MOE ENGLISH PR - MAY 2024

Press Release

Intellectual property protection is a priority in the UAE’s economic agenda. The country provides
all enablers in support of fresh entrepreneurial ideas and innovations, enabling them to establish
their businesses and grow them into profitable ventures in the UAE. Entrepreneurs can also benefit
from robust technological infrastructure and a range of distinctive and inclusive residence
programs tailored for entrepreneurs, investors, and talented individuals. Additionally, the UAE has
enacted three comprehensive laws that are specifically designed to regulate and protect intellectual
property rights. These are: the law on 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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