New UAE patent and industrial property law under review – ITP.net

New UAE patent and industrial property law under review – ITP.net

The review was announced during a media briefing, organised by the Ministry of Economy (MoE), on Federal Law No. 11 of 2021 on Industrial Property and Patents, which forms part of the largest legislative amendments in the UAE’s history. Dr. Al Falasi noted that the UAE was ranked first in the Arab world for the sixth consecutive year by the Global Innovation Index 2021 owing to its success in developing an integrated system for intellectual property applications and services.

Driving growth

Al Falasi said, “The new industrial property law is one of the most important initiatives that the Ministry of Economy and its partners have developed in order to drive growth based on knowledge and innovation and support entrepreneurship. These efforts fall in line with the vision, principles and projects launched by the UAE government to establish a new phase of growth, both domestically and globally. This objective will be achieved by accelerating the transformation towards a new, more flexible and sustainable knowledge-based economic model that keeps pace with the latest economic trends in which innovation, technology, research and development, national competencies, inventors, talents and entrepreneurs are the key drivers of progress.”