Saudi Arabia, The Saudi Intellectual Property Authority (SIPA) Holds a Workshop Discussing the Basics of its Business Strategy

The Saudi Intellectual Property Authority has held a workshop in Riyadh on Monday morning to discuss and outline SIPA work strategy. The said workshop was attended by representatives of government institutions, intellectual property agents, universities, research centers, technology incubators, innovation based institutions, small and medium enterprises, industry sector, international companies and world experts, representatives

of intellectual property offices of several countries

The Saudi Intellectual Property Authority aims, through the discussions of these round tables, to review and study the strategic bases of the SIPA and to discuss these strategies with the international experts to reach the final version of the strategy that would enable SIPA to carry out the tasks entrusted to it at all levels.

The Saudi Intellectual Property Authority is considered one of the initiatives of the Trade and Investment System within the National Transformation Program 2020. Trade & Investment System has worked to bring SIPA into existence and has set up the regularity arrangements to enable the authority achieving its objectives. All that for the unification of the competent authorities, that have direct relation with the protection of the intellectual property rights in the Kingdom, under one umbrella.

The Saudi Intellectual Property Authority is considered a reference body that contributes to the protection and promotion of the intellectual property rights. It also contributes to raising the Kingdom’s rank in the Global Innovation Index, as well as harnessing the financial returns for the development of intellectual property protection services. This would help to boost and improve the business environment, also stimulate the knowledge economy and enhance foreign investments in the Kingdom, besides promoting the work of small and medium enterprises, in addition to paving the way for the creativity and innovations of the Saudi youth.