Start of National Strategy of Intellectual Property Work

Start of National Strategy of Intellectual Property Work

Pursuant to Article 3 of the Resolution regulating the Saudi Authority for Intellectual Property and defining its functions, which came in its tasks: Preparing the national strategy of intellectual property, following-up its implementation after its adoption and developing work plans and time programs in coordination and cooperation with the relevant authorities. On Wednesday, November 6, 2019 ( 3-4-1441 H.), SAIP held a symposium on the National Strategy of Intellectual Property, which included the definition of the Authority and its functions, as well as the definition of the national strategy of intellectual property and its impact on the future of the Kingdom. In addition to conducting a general questionnaire to analyze the current state of intellectual property in the Kingdom as one of the stages of the implementation of the strategy.

The National Strategy of Intellectual Property also aims to drive innovation and product competitiveness through the use of IP and the financing of its products and the development of innovative start-up companies. In addition to stimulating the market economy by improving the legal system of intellectual property and raising the level of respecting intellectual property rights which make the Kingdom a leader in the field of intellectual property in the Middle East and North Africa.

Earlier this year, the Kingdom signed a cooperation agreement with the Republic of Korea on the National Strategy of Intellectual Property Program. The partnership with the Korean side included the preparation of the Master Strategic Plan and a five-year implementation plan, being one of the developed countries in the field of intellectual property, which implemented a five-year national strategy for three consecutive times and achieved outstanding success placing it in the leading positions in the indicators of global competitiveness and innovation.

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