Page 106 - MOE ENGLISH PR - APRIL 2024

5/6/24, 8:58 AM PRESSR: Ministry of Economy hosts an array of events aimed at raising awareness on IP rights in creative industries — TradingVie…
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

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