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Ministers Approve National IP Policy
The Saudi Cabinet has approved the National Intellectual Property Policy, aimed at strengthening the protection of intellectual property rights, fostering innovation, and encouraging investment in creative sectors. This includes establishing a modern legal and regulatory framework for companies and individuals, along with updating regulations to ensure the economic rights of inventors and innovators are safeguarded. The policy also seeks to stimulate sustainable economic growth by creating a conducive environment for innovation. Additionally, the implementation of this policy is expected to improve the investment climate and enhance national competitiveness, with measures to raise awareness about intellectual property protection and achieve a balance between safeguarding rights and promoting localization.
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