UAE’s intellectual property market hit new heights in 2020; Ministry of Economy

By Ashika Rajan, Trainee Reporter
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UAE Ministry of Economy (MoE) has revealed that the country’s Intellectual Property (IP) sector saw a 70 percent increase in the number of works in 2020 compared to 2019.

This is the latest in a long line of triumphs for the UAE, which confirms its global status as a preferred destination and incubator for innovators, creators, and entrepreneurs in intellectual, literary, and cultural fields.

According to the Ministry, the total number of intellectual works has reached 24,317. It hit the highest number ever in 2020 with 2,772 intellectual works, while 1,632 works were registered in 2019, a 32 percent increase over 2018.

The overall number of works registered in 2018 was 1,233, while the number of intellectual works registered from the beginning of 2021 until now stands at 900.

The growth of the IP sector reflects the efficiency of UAE’s approach and the directives of its leadership in developing the country’s intellectual property environment, creativity, and innovation to enhance the UAE’s contribution to the global innovation landscape by highlighting the country’s unique cultural identity.

The Ministry emphasized the importance of intellectual property works in creating and providing an enabling environment for innovation. By building on the Ministry’s efforts in this regard, it contributes to the creation of a framework that allows the global exchange and sharing of new technology.

This will be achieved in collaboration with the country’s relevant authorities and will include the development of law controlling the IP sector, as well as its many activities and fields, following worldwide best practices.

The Ministry keeps the regulatory and legislative frameworks up to date regularly. It strives to establish an environment conducive to the growth and prosperity of intellectual, literary, and scientific endeavors, given its importance in consolidating the UAE’s reputation globally and expanding these sectors’ contributions to the national economy.

The MoE, represented by the Department of Trademarks and Intellectual Works, ensures the prosperity of creative ideas, culture, art, and literature by guaranteeing their ownership rights. It strives to preserve and safeguard intellectual property in general, as well as intellectual works in particular.

All original works or projects in the realms of literature, arts, sciences, innovation, culture, and other similar areas are considered intellectual works. The Ministry continues to make unwavering efforts to promote innovation and protect talent and has signed several bilateral and international agreements aimed at empowering talent and assuring full protection for the rights of innovators, authors, and creators.

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