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why IP protection is key to the achievement of Sustainable Development Goals (SDGs)
and is a priority for the UAE in all sectors, particularly the economic one. It highlighted
the proactive approach adopted by the UAE in establishing a legislative and regulatory

framework that promotes IP rights and supports creators of ideas and entrepreneurial
ventures in line with global best practices.

H.E. Abdullah Al Saleh, Undersecretary of the Ministry of Economy, said: "Under the
directives of its wise leadership, the UAE has achieved remarkable success in

establishing a leading legal framework for IP. This framework adheres to the highest
global standards and aims to enhance the importance of knowledge and creativity in

driving economic growth. The country has enacted three laws on the regulation and
protection of industrial property rights, trademarks, copyrights, and neighboring rights.

Furthermore, it has launched an integrated system consisting of 11 initiatives that
include all intellectual property applications. These initiatives align with the nation's

vision to transition to an innovative and knowledge-based economy model, while also
fostering research and development."

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

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