Ministry of Economy and Korea Institute of Patent Information Enters Second Phase of Collaborative Agreement

Aims to Develop UAE’s IP Infrastructure towards Establishing Country’s First Dedicated Patents Center 

Abu Dhabi-UAE: 28 July, 2014 - The UAE Ministry of Economy and the Ministry of Strategy and Finance of the Republic of Korea are set to implement the second phase of their collaborative agreement, seeking to further develop the UAE’s intellectual property rights infrastructure as a step towards establishing the country’s first center for patents. 

In its new phase, the collaboration will oversee the compilation of a diagnose study on the current intellectual property rights landscape in the UAE and a case study on the best practices of Korea. It will also include capacity building workshop and seminars to share the project outputs with all project stakeholders in the UAE. 

The decision was taken during a meeting with a visiting delegation from the Korea Institute of Patent Information (KIPI) to the UAE. The KIPI delegation met with Dr Ali Ibrahim Al Hosani, Assistant Undersecretary for Intellectual Property, and Khalfan Al Suwaidi, Industrial Property Director, as well as other officials from the Ministry of Economy.

Dr Ali Al Hosani said: “Work is going according to schedule to develop the UAE intellectual property rights system and establish our own national center for patents that meets the highest international standards and criteria. Such an achievement will have great impact on innovation and investment in the UAE and support the country’s vision of creating a diversified knowledge-based economy.” 

Khalfan Al Suwaidi, Industrial Property Director, said: “The UAE’s joint project with Korea comes in line with the Ministry of Economy’s strategy to reinforce intellectual property rights through cooperation with countries that have international know-how.”