Investopia, the global investment platform initiated by the UAE Government, has become the region’s first trademark to be registered under the Madrid Protocol, an international system for obtaining trademark.
The UAE Ministry of Economy (MoE) has received the request to register the Investopia Summit trademark internationally, in line with the country’s accession to the Madrid Protocol for International Trademark Registration. Once completed, the registration with World Intellectual Property Organization (WIPO) will protect the Summit’s trademark in more than 125 countries that are parties to the protocol.
Mr. Abdullah Al Saleh, Under-Secretary of the Ministry of Economy, stressed that the UAE’s intellectual property (IP) environment is witnessing continuous developments as it is one of the most important pillars of the country’s knowledge economy and the new economic model, which is based on flexibility, innovation, as well as retention and attracting talent, competencies, and entrepreneurial projects.
Abdullah Al Saleh Under-Secretary UAE MoE
“This step will contribute to increasing the number of UAE trademarks protected in foreign markets within the territories of the Madrid Protocol members, who account for more than 80 percent of the global trade volume. This will raise the confidence of companies, investors and trademark owners in the country’s markets and the UAE’s overall economic environment.”
Mr. Al Saleh noted that UAE acceded to the Madrid Protocol on 28th September 2021 and it is a significant milestone in the country’s efforts to improve its trademark system and solidify its position as a regional intellectual property hub and a destination for inventors and innovators seeking prestigious trademarks.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
