16 Hrs
Source:
الاقتصادية
Saudi IP rights generate 14% of GDP
The figures indicate that the contribution of intellectual property and intangible assets in Saudi Arabia accounts for approximately 13% to 14% of the total national income. Last year, more than 56,000 trademarks and 20,000 patents were registered as part of efforts to promote the knowledge-based economy. The Saudi Authority for Intellectual Property emphasizes that protecting, registering, and investing in intellectual property rights helps enable innovators and entrepreneurs to transform their assets into economic value. There has been an almost 10% growth in the first half of this year. Awareness campaigns and policy implementation are among its key objectives to support Saudi Arabia's position as a regional and global hub for innovation, in line with Vision 2030.
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