23 Hrs
Source:
الاقتصادية
Saudi IP contributes 14% to GDP
Reports indicate that the contribution of intellectual property and intangible assets to the Saudi economy has ranged between 13% and 14% of GDP. Last year, the Saudi Authority for Intellectual Property registered over 56,000 trademarks and 20,000 patents, reflecting increased awareness among creators and entrepreneurs about the importance of protecting their intellectual assets. Additionally, data from the first half of this year shows growth of over 10% in rights registration compared to the previous year. The strategy emphasizes the protection and regulation of intellectual property, with a focus on enabling small and medium-sized enterprises to benefit from it, thereby enhancing Saudi Arabia’s position as a regional and global hub for innovation in line with Vision 2030.
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