UAE Starts Stage Two of Patent Protection Initiative with South Korea
Type
E-journal
Date
6 Apr 2016
Jurisdiction
United Arab Emirates
Taxonomy
Patents
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
The UAE has been at the forefront of regional jurisdictions seeking to strengthen their intellectual property framework and enhance their legal protections so as to become the region's leading hub for innovations.
The UAE authorities are conscious that the development of systems that adopt international best practice standards for the examination and granting of patents is one of the main propellants of innovation and investment in the UAE. In accordance with the UAE's 2021 vision, the Ministry of Economy has been working hard to develop and encourage innovation, research and development, to advance its target of having the Knowledge Economy contribute to 5% of the UAE's GDP.