Page 541 - MOE ENGLISH PR - APRIL 2024

4/25/24, 2:40 PM UAE’s trademark listing surge signals rising investor trust
“The UAE has made significant efforts in recent years to strengthen its intellectual
property laws and regulations, and this increase in trademark registrations is a testament

to the effectiveness of these measures,” said Shulka Chavan, legal associate at Kaden

Boriss. “This increase in trademark registrations is a vital metric signalling growth
propelled by innovation. It is likely to have a significant impact on business confidence in

the UAE, as it signals a strong commitment to safeguarding trademarks and other
intellectual property assets. It also bodes well for the country’s economy, as it can lead to

increased competition, innovation, and foreign investment, ultimately driving growth and
prosperity in the UAE,” said Chavan.

In March alone, 2,018 new brands were recorded in the UAE. During this period, the

trademarks registered cover a broad range of key sectors, spanning from smart
technology and transportation to food and beverage, pharmaceuticals, medical devices,

finance, real estate, and more. During January and February, 2,592 trademarks were

listed, underscoring the ongoing growth and momentum in the UAE’s registrations.

In 2023, there was a significant rise in the number of trademark registration applications

with a 9.6 per cent increase compared to 2022. There was also a 29.5 per cent increase in

the registration of intellectual works.

In 2023, the Ministry received 3,415 patent applications, marking a 19.5 per cent increase

from 2022. The total number of registered patents in 2023 reached 5,108, up13.7 percent.

Early this year, the Ministry of Economy announced the launch of its new intellectual
property (IP) system, which includes 11 integrated initiatives in various fields and

applications of intellectual property. The initiatives are aimed at enhancing the innovation

and creativity landscape in the country by providing a competitive and conducive
environment for inventors and creators to develop their entrepreneurial ideas into

innovative business opportunities and enabling creative national competencies to
effectively utilise intellectual property applications.

Abdulla bin Touq Al Marri, Minister of Economy, has said the UAE has made great strides

in developing its intellectual property sector in accordance with global best practices,
recognising it as a fundamental and key pillar for promoting economic growth. “The launch

of the new IP system is a milestone in our efforts to enhance the country’s transition into a
knowledge and innovation economy and develop an incubating national environment for

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