UAE’s Intellectual Property sector achieves significant growth in 2020

UAE’s Intellectual Property sector achieves significant growth in 2020

The Ministry of Economy (MoE) has announced that the country's Intellectual Property (IP) sector has achieved significant growth in the number of works during the past year 2020, as it witnessed a growth of 70 per cent compared to that of 2019. This is the latest in a series of achievements accomplished by the UAE and consolidates its global position as a preferred destination and incubator for innovators, creators and entrepreneurs in intellectual, literary and cultural fields. The Ministry indicated that the total number of intellectual works reached 24,317 so far. It hit the highest number ever in 2020 with 2,772 intellectual works, while the year 2019 saw the registration of 1,632 works, recording a growth of 32 per cent compared to 2018. The total 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 IP sector's growth reflects the efficiency of the UAE's approach and the directives of its leadership in developing the country's intellectual property environment, creativity and innovation, to enhance its contribution to the global innovation landscape by highlighting the UAE's unique cultural identity. The Ministry emphasised that intellectual property works