Saudi Intellectual Property Authority holds workshop on its role, ambitions

Dr. Abdul Aziz bin Mohammed Al-Swailem is the chief executive of the Saudi Intellectual Property Authority. (Arab News)
Updated 06 December 2018
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Saudi Intellectual Property Authority holds workshop on its role, ambitions

  • The workshop introduced to attendees the role of SIPA, its objectives and current and future ambitions

RIYADH: The Saudi Intellectual Property Authority (SIPA) held an introductory workshop about its role and current activities in collaboration with Saudi Chamber of Commerce and Industry on Thursday.

The workshop, held at the authority’s headquarters in Madinah, introduced to attendees the role of SIPA, its objectives and current and future ambitions.

A number of Saudi businessmen as well as those interested in SIPA’s work attended the workshop.

A member of the media and communications unit at SIPA, Abdul Rahman Al-Farhan, said the workshop comes within the framework of a series of events and meetings that the authority began organizing to promote awareness of the importance of intellectual property and the challenge surrounding it.

A presentation at the workshop highlighted the historical background of Saudi Arabia in intellectual property, beginning from the date it joined the International Intellectual Property Organization in 1982, through the Paris Convention for the Protection of Industrial Property.

This was followed by the issuance of a number of related regulations such as the copyright system, patents and trademarks.

A member of the founding team at SIPA, Abdul Rahman Al-Sareekh, presented the message and the goals the authority aims to achieve, including preparing the Kingdom's IP strategy, developing related systems, and providing products and services efficiently and high quality.


Al Akaria signs SR1.2bn agreement lease with Amsa Hospitality 

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Al Akaria signs SR1.2bn agreement lease with Amsa Hospitality 

  • Project, located in Riyadh Diplomatic Quarters, spans approximately 40,000 sq. meters and includes 240 modern residential units, comprising 176 apartments and 64 villas and townhouses
  • CEO of Amsa Hospitality Muin Serhan: We have a certain commitment to deliver to the community and to the project in particular

RIYADH: The Saudi Real Estate Co., also known as Al Akaria, recently announced the signing of a lease agreement for the Amsa Vue Residential Compound in Riyadh with Amsa Hospitality, with the total value of the project estimated at around SR1.2 billion ($320 million). 

Spread across 20 years, the cost reflects the long-term nature of the investment and its focus on value, sustainability, and operational quality.

The project, located in Riyadh Diplomatic Quarters, spans approximately 40,000 sq. meters and includes 240 modern residential units, comprising 176 apartments and 64 villas and townhouses.

Acting CEO of Al Akaria Khalid Al-Sehaibany stated that the project embodies the company’s approach to developing residential communities that focus on an integrated experience built on quality planning and comprehensive facilities, elevating the standard of living in Riyadh.

CEO of Amsa Hospitality Muin Serhan told Arab News that the core philosophy behind the project is to create a space that focuses both on individuals and community values. 

Serhan pointed out that this strategy is central to a broader ambition to redefine hospitality in Saudi Arabia by embedding the hallmark of Arabian hospitality into the brand’s identity.

“We have a certain commitment to deliver to the community and to the project in particular. Year on year, we're adding value to the landlord and the owners of the assets,” he said. 

He outlined a clear vision for the company’s legacy, aiming to set a new standard for hospitality management in the region. The goal, he said, is to be the go-to partner for developers and asset owners seeking to integrate hospitality elements into their projects.

Serhan confirmed that this vision is currently being brought to life through close collaboration with contractors and designers. 

He emphasized that the process is a “moving journey,” where the designer, the brand, and the location converge to create a product that truly reflects the local narrative.