Page 109 - MOE ENGLISH PR - APRIL 2024

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 recognises 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 22nd to 30th April. 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 endeavours 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, organisations, and institutions that are involved in intellectual property
matters. This event was initiated by the World Intellectual Property Organisation
(WIPO), coinciding with the organisation’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.

https://www.msn.com/en-ae/news/other/ministry-of-economy-raises-awareness-on-ip-rights-in-
creative-industries-in-uae/ar-AA1nVvyJ