Page 584 - MOE ENGLISH PR REPORT - JULY 2024

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.

Legislation

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.

New IP system, 11 initiatives

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

https://en.aletihad.ae/news/business/4499607/uae-participates-in-65th-session-of-wipo--
reviews-its-effort