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Saudi Arabia approves new IP policy
The government of the Kingdom of Saudi Arabia has approved a national intellectual property policy aimed at organizing and strengthening the intellectual property system in the Kingdom. This aligns with Saudi Vision 2030, which seeks to build a thriving knowledge-based economy that promotes innovation and creativity. The policy focuses on several areas, including awareness, development of intellectual property rights, idea generation, rights registration, and respecting and enforcing rights. Its goal is to support research and development, industry, attract foreign investments, and raise societal awareness of the culture of intellectual property. This step is strategic in enhancing the efficiency of government work, increasing the capabilities of the private sector, diversifying income sources, supporting entrepreneurship, and encouraging innovation—ultimately boosting the Kingdom's position as a global hub for innovation and creativity.
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