Page 101 - MOE ENGLISH PR - APRIL 2024

5/6/24, 8:58 AM Ministry of Economy hosts an array of events aimed at raising awareness on IP rights in creative industries & fostering an environm…
The Undersecretary explained that these initiatives have played a significant role in fostering a
national environment conducive to promoting intellectual property, innovation and patents.

MoEc received a total of 3,415 patent registration applications in the past year alone, marking
a notable increase of 19.5 per cent compared to that of 2022. This surge in applications has

resulted in a total of over 5,000 patents being registered in the country.

H.E. added: “MoEc actively participates in celebrating the World Intellectual Property Day
considering it as a valuable opportunity to raise awareness on the crucial role played by

intellectual property in supporting and sustaining the national economy. It also underscores
the UAE and MoEc’s commitment to providing enablers and opportunities for talents and
owners of innovative ideas, facilitating the transformation of these ideas into profitable

business ventures. This, in turn, will play a vital role in supporting the private sector and
promoting sustainable practices in economic activities. It also recognizes the importance of

innovation and intellectual property in driving this trend forward, in line with this year’s IP Day
theme. Moreover, these efforts contribute to achieving the goals set by the ‘We the UAE 2031’

vision, to establish the country as a leading global hub for the new economy, driven by
innovation, creativity, and entrepreneurship.”

As part of the World IP Day 2024, MoEc hosted a series of introductory seminars, workshops,

and competitions from April 22 to 30. These events were all curated to increase awareness on
national laws and regulations pertaining to intellectual works and the procedure to safeguard

creative works, thus strengthening the role of patents in supporting science and technology
fields. Additionally, these endeavors contributed to encouraging the transition towards
sustainability in the realm of intellectual works.

World IP Day is an annual global event celebrated on April 26, bringing together countries,

organizations, and institutions that are involved in intellectual property matters. This event
was initiated by the World Intellectual Property Organization (WIPO), coinciding with the

organization’s establishment in 1970, with the aim of increasing awareness on the significance
of intellectual property rights. It also serves as an occasion to promote awareness on various

aspects of intellectual property including trademarks, patents, industrial designs, copyright,
and creative industries.

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