Saudi Arabia to launch first national strategy for intellectual property rights

To mark the World Intellectual Property Day commemoration, the IP authority on Monday showcased its achievements. (Supplied)
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Updated 28 April 2022
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Saudi Arabia to launch first national strategy for intellectual property rights

RIYADH: Saudi Arabia is soon planning to launch its first national strategy for protecting intellectual property, a top government official said.

“The move is part of the Kingdom’s plan to promote knowledge-based economic activities as it diversifies its income streams away toward non-oil sectors under the grand scheme of Vision 2030,” Sami Al-Sodais, deputy chief executive of IP policy and collaboration at Saudi Authority for Intellectual Property, told Arab News in an exclusive interview.

He further said that the Kingdom is experiencing a boom in trademarks and patent requests, mainly as many young Saudi entrepreneurs seek to create their businesses.

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Rising intellectual prowess

According to SAIP, the number of submitted patent applications rose by 11 percent in 2021 compared to the previous year, and trademark registrations increased by 26 percent during the same period.

Additionally, the applications for the registrations of industrial models grew by 48 percent and optional registration of copyright works surged by 57 percent between 2020 and 2021.

In fact, SAIP is stirring the IP landscape by introducing reforms that will scale its patent applications rankings. The Kingdom presently ranks seventh among the countries in the G20.

“We intend to decrease the average patent registration time from 24-36 months to a year,” said Al-Sodais. The move will bolster the present IP regime and encourage young innovators to incubate their ideas in the Kingdom.

Also, as part of its reforms, SAIP enrolled a panel of 47 judges in a program on all aspects of intellectual property rights to aid them in understanding the patent process in its entirety and facilitating IP protection in the region.

“Protecting IP Respect is one of the strategic pillars of SAIP. We aim to achieve by enhancing IP enforcement ecosystem, promoting awareness on IP Respect and raising compliance,” said SAIP’s Al-Sodais.




Sami Al-Sodais

No room for failure

The IP authority is also establishing a robust methodology to gather locations of possible illegal practices in every business sector. The study will determine the sectors harboring the most patent violations and requiring periodic inspections.

“SAIP periodically does field inspection campaigns and visits across the Kingdom to look for violations. We also conduct online inspections and temporarily block websites infringing on original content,” added Al-Sodais.

As part of its compliance programs, the IP Authority has established the Permanent IP Enforcement Committee, a governing body to improve the enforcement ecosystem and enhance efforts to develop procedures to coordinate between government agencies and the private sector.

“The committee is headed and supervised by SAIP and it includes over 12 representatives from other government agencies related to IP enforcement,” he added.

Driving change, differently

To mark the World Intellectual Property Day commemoration, the IP authority on Monday showcased the achievements and inspiring stories of IP creation in the region.

As part of its Your Ideas Our Future program, the agency organized an awareness campaign to celebrate innovation and maximize the impact of the government’s initiatives across a broader cross-section of budding innovators.

“The authority is happy to provide its services to support innovators through our intellectual property consulting clinics that aim to build a continuous communications channel with the innovators,” SAIP CEO Abdulaziz Al-Suwailem said in a statement.

These clinics have benefited more than 1,200 persons so far. In addition, over 8,500 people have benefited from its Intellectual Property Academy, which offers a specialist certificate program for the stakeholders of the IP business.

The IP authority has also launched the National Network of Intellectual Property Support Centers in cooperation with the World Intellectual Property Organization to nurture innovators with technical information and know-how to IP assets. The network now has 43 members from various sectors.

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US allows countries to buy Russian oil stranded at sea for 30 days

Updated 13 March 2026
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US allows countries to buy Russian oil stranded at sea for 30 days

  • US issues 30-day license for stranded Russian oil purchases
  • Measure the latest by Trump administration to calm energy markets jolted by Iran war

The United States issued ​a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets roiled by the Iran war.
The announcement comes a day after the US Energy Department said that the US would be releasing 172 million barrels of oil from the strategic petroleum reserve in an effort to curb sky-rocketing oil prices in the wake of the war in Iran. That release was part of a broader commitment by the 32-nation International Energy Agency to release 400 million barrels of oil. The agency said earlier on Thursday that he war in the Middle East ‌was creating the ‌biggest oil supply disruption in history. Bessent, in a statement on X ​released ‌hours ⁠after benchmark ​oil prices ⁠shot above $100 a barrel, said the measure was “narrowly tailored” and “short-term” and would not provide significant financial benefit to the Russian government.
“The temporary increase in oil prices is a short-term and temporary disruption that will result in a massive benefit to our nation and economy in the long-term,” Bessent said in the statement, echoing President Donald Trump.
Thursday’s license, which authorizes the delivery and sale of Russian crude oil and petroleum products loaded on vessels as of March 12, will remain valid through midnight Washington time on April 11, according to the text of the license posted on ⁠the Treasury Department’s website. The US Treasury previously issued a 30-day waiver on March ‌5 specifically for India, allowing New Delhi to buy Russian oil stuck ‌at sea. Among other measures to tame energy prices, Trump has already ordered ​the US International Development Finance Corporation to provide political ‌risk insurance and financial guarantees for maritime trade in the Gulf and said the US Navy ‌could escort ships in the region. In another attempt to control prices, the Trump administration is considering temporarily waiving a shipping rule known as the Jones Act to ensure energy and agricultural products can move freely between US ports, the White House said. Waiving the rule would allow foreign ships to carry fuel between US ports, potentially lowering costs and speeding deliveries.
“The president ‌is taking every action he can to lower prices ... unsanctioned oil that’s at sea to get that into the market, continuing to push our own ⁠producers to drill and ⁠expand production as fast and as far as they can, providing regulatory relief, and you’re going to see more and more in the days to come,” White House Deputy Chief of Staff Stephen Miller told Fox News’ “Primetime” program on Thursday.
There were about 124 million barrels of Russian-origin oil on water across 30 different locations globally as of Thursday, Fox News reported, adding that the US license would provide around five to six days of supply when taking into account the daily loss of oil from the Strait. Trump said earlier on Thursday the United States stood to make significant money from oil prices driven higher by the war, prompting criticism from some lawmakers who accused him of caring only about rich people.
US and Israeli strikes on Iran and the subsequent response by Tehran have widened regional tensions and paralyzed shipping through the Strait of Hormuz, disrupting vital ​Middle East oil and gas flows and sending energy ​prices higher.
Raising the stakes for the global economy, Iran’s Islamic Revolutionary Guard Corps says it will block oil shipments from the Gulf unless the US and Israeli attacks cease.