Page 47 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

Press Release

strengthening the collaboration between the government and private sectors to promote creativity
and safeguard IP rights for growth. It also aligns with the objectives of the ‘The Year of
Community,’ particularly by nurturing skills, sponsoring talents, and encouraging innovation in
key sectors for different society members,” H.E. said.

H.E. bin Touq said, “The agreement reflects the Ministry of Economy’s commitment to promoting
community awareness around the protection of IP property rights, nurturing respect for them,
fostering an environment of innovation, and encouraging entrepreneurs and inventors to innovate
within the framework of legal structure that safeguards their concepts and innovations. This
commitment stands as a strategic priority for the Ministry of Economy, as it plays a crucial role in
inspiring innovators and creators to develop their concepts and turn them into valuable financial
ventures. The Ministry pursues this goal through diverse initiatives and programs aimed at
protecting these rights and raising awareness about their significance.”

The agreement will focus on implementing a range of programs, initiatives, and events aimed at
raising public awareness about the significance of IP rights. It underscores the methods for
protecting these rights to safeguard the interests of innovators and creators, while also fostering
respect for IP rights within the community. The agreement outlines the consequences of violating
these rights and highlights the need to comply with relevant legislation. Additionally, it includes
organising awareness campaigns, workshops, seminars, and exhibitions to introduce diverse
sectors of society to IP rights and protection mechanisms. By doing so, it strengthens the creative
ecosystem and advances innovation, emphasising the critical role of IP protection in accomplishing
sustainable economic growth and enhancing competitiveness.

Furthermore, the collaboration with Nissan Middle East marks a significant step to encourage
corporate social responsibility (CSR) and promote the role of the business in driving innovation
across diverse developmental fields. This partnership aims to foster comprehensive growth and
create a positive, sustainable impact.
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