Page 91 - MOE ENGLISH PR - APRIL 2024

5/6/24, 8:57 AM Ministry of Economy raises awareness on IP rights in creative industries in UAE | Emirates News Agency
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.

Al Saleh 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

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

https://wam.ae/article/b2x17et-ministry-economy-raises-awareness-rights-creative 3/5