Page 604 - MOE ENGLISH PR REPORT - JULY 2024

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 standardised
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 percent compared
to the same timeframe in the previous year. In 2023, the overall
number of registered trademarks reached 31,280, reflecting a 16.5
percent 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 percent 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 percent
growth from 2022. The total number of intellectual works in the last
five years amount to 10,087.

The Ministry recorded a 2.8 percent 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 growth rate of 19.5 percent compared to 2022. Between

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