Page 572 - MOE ENGLISH PR REPORT - JULY 2024

Bin Touq confirmed that the UAE, in line with its wise leadership’s vision, continues to

develop its intellectual property (IP) sector in accordance with global best practices,

considering it a fundamental pillar in promoting the national economy’s growth.

As a result, the UAE provides an incubating environment for IP, innovation and patent

activities in accordance with global best practices, in addition to enablers and facilities that

support the growth of knowledge-based enterprises, innovation and R&D.

In his speech at the session, Bin Touq reviewed key developments in the UAE’s IP landscape

and achievements in IP rights protection. The country has succeeded in building a
comprehensive and sophisticated legislative environment to protect IP rights of creators and

innovators and stimulate original thought and innovation in all fields.

Also notable is the promulgation of an array of supportive legislation such as the Trademark

Law, the Copyright and Neighboring Rights Law and the Industrial Property Rights Regulation

and Protection Law and building distinct partnerships with leading IP institutions and

ecosystem stakeholders at the local, regional and global levels.

Al Marri emphasised that national efforts and joint work to launch more initiatives and pilot

projects that enhance the UAE's position as an incubator that fosters creative and innovative

businesses are continuing. The Ministry of Economy is currently working on the

implementation of its new IP system. It includes 11 initiatives aimed at establishing a

competitive IP environment that enables inventors and creators to develop their

entrepreneurial ideas and turn them into viable business opportunities and projects.

The Minister of Economy said, “This year's WIPO meeting is particularly important as it

coincides with our celebration of the 50th anniversary of the UAE's accession to the

Organisation. These five decades have been eventful, characterised by fruitful cooperation

and effective partnerships between the two sides.”

https://wam.ae/en/article/b43azil-uae-participates-65th-session-wipo-reviews-its