Page 44 - MOE ENGLISH PR REPORT - JULY 2024

Press Release

for excellence and competitiveness in innovation and IP rights protection. These efforts align with
the objectives outlined in 'We the UAE 2031' vision.

Under the terms of the MoU, spanning a period of five years, both sides will cooperate to share
knowledge about intellectual property systems and practices in line with international standards.
Another objective is combatting infringements on intellectual property rights of commercial goods.
The partnership also includes training and developing nationals, ensuring they stay well-informed
about the latest technological advancements and digital resources, thereby enhancing their
understanding of contemporary intellectual property practices.

The UAE has been actively working on strengthening its regional and international cooperation in
IP rights protection. This has been accomplished through its participation in various international
agreements and treaties such as the 'Nice Agreement,' and the 'Madrid Protocol'. Additionally, the
UAE has joined the 'Budapest Treaty', which plays a crucial role in supporting innovations and
fostering a conducive environment for scientific research related to microorganisms. The country
has also acceded to the 'Strasbourg Agreement,' which aims to promote and classify patents
according to a standardized international classification.

UAE's IP sector witnesses continued growth

The UAE's IP sector continues to experience growth with positive outcomes and indicators that
reflect the effectiveness of the economic legislation, initiatives, and projects launched and
announced to develop and enhance this vital sector over the past years.

In the first half of 2024, the Ministry of Economy recorded an increase in the registration of
trademarks, with a total of 15,319 trademarks being registered. This indicates a growth rate of 3.4
per cent compared to the same timeframe in the previous year. In 2023, the overall number of
registered trademarks reached 31,280, reflecting a 16.5 per cent growth. Furthermore, the total
number of trademarks in the UAE stood at 122,000 between the years 2019 and 2023.

In H1 2024, the UAE witnessed a 22 per cent growth in the registration of intellectual works
compared to the same period in 2023. The total number of intellectual works reached 2,517 last
year with a 52 per cent growth from 2022. The total number of intellectual works in the last five
years amount to 10,087.

The Ministry recorded a 2.8 per cent rise in the submission of patent and utility certificate
applications in the first half of 2024, as compared to the corresponding period in 2023. In the
previous year, a total of 3,415 patent and utility certificate applications were received, reflecting a

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