The UAE has witnessed significant growth in intellectual property (IP) registrations during the first nine months of 2024, according to the Ministry of Economy. This rise reflects the country’s continued commitment to fostering an innovation-driven economy.
IP registrations have surged by 34.3%, with trademark registrations up by 39.12%. Patents, utility certificates, and industrial designs also saw a notable increase of 8%. The total number of IP works registered reached 1,884, compared to 1,402 during the same period in 2023, bringing the overall number of registered IPs to 20,389.
Demand for IP protection has grown substantially, with 1,946 new applications received, marking a 53.23% rise from last year’s 1,270. Additionally, 153 reports of IP violations were filed, and 209 applications for registering importers and distributors of IP rights were processed, reflecting a 26.67% increase.
As of September 2024, the UAE has attracted 18,175 new trademarks, a 39% increase from the previous year. The Ministry processed 24,258 trademark applications and received 8,171 trademark inquiries, bringing the total active trademarks in the UAE to 356,408.
The growth in patents, utility certificates, and industrial designs saw a rise of 8%, bringing the total number to 15,051 by September. Registration applications for these categories increased by 3.8%, totaling 3,489 submissions.
Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy, attributed the growth to the UAE’s robust IP ecosystem, which aligns with global standards and supports the country’s economic vision. This growth is part of the UAE’s broader efforts to enhance competitiveness and foster a knowledge-based economy, in line with the 'We the UAE 2031' vision.
News Source: Emirates News Agency
