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5/6/24, 8:58 AM Ministry of Economy raises awareness on IP rights in creative industries in UAE – The UAE Press
that promotes IP rights and supports creators of ideas and entrepreneurial
ventures in line with global best practices.
Abdullah Al Saleh, Under-Secretary 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 neighbouring 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.
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
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