Arts & Culture

Saudi Crown Prince Launches National Intellectual Property Strategy

HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Council of Economic and Development Affairs, launched the National Intellectual Property Strategy (NIPST), one of the enablers for achieving the objectives of Saudi Vision 2030.


NIPST aims to build an intellectual property ecosystem that supports innovation and a creativity-based economy, by developing an intellectual property (IP) value chain that stimulates innovation and creativity competitiveness and supports economic growth to ensure that Saudi Arabia becomes a leader in intellectual property.


HRH the Crown Prince affirmed his aspirations to stimulate creativity and innovation in the Kingdom of Saudi Arabia for the next five years through the National Intellectual Property Strategy. This is due to the Cabinet’s approval of the National Intellectual Property Strategy.


HRH the Crown Prince said: “We have minds and energies passionate about innovation and creativity, and by enabling them, the Kingdom of Saudi Arabia will become a vibrant environment for a knowledge economy based on an integrated Intellectual Property ecosystem that develops innovative technologies and industries and contributes to the growth of enterprises”.


The National Intellectual Property Strategy will further enable stimulating investment, create high-quality jobs, and raise awareness of innovators’ rights.


Building on the importance of IP creation and Saudi creative minds and young talents that innovate in various fields and other competitive advantages, IP Creation has been one of the pillars of NIPST, which aims to enhance the creation of national high-value IP assets.


The IP Commercialization pillar has been adopted as one of the pillars of NIPST aiming at enhancing the competitiveness of IP-based products through the utilization of intellectual property and maximizing its impact.


Moreover, to ensure effective management of human creations, IP Administration is one of the pillars of NIPST which aims to improve IP value by establishing a fast and high-quality registration system. Each pillar will also have several initiatives assigned to government agencies and is measured periodically according to a governance framework that defines roles and responsibilities, including decision-making on critical issues related to the implementation of NIPST projects and support thereof.


The adoption of NIPST supports the empowerment of innovators in various fields to build an ambitious country and a diversified and prosperous economy for the Kingdom of Saudi Arabia. It attracts interested researchers, entrepreneurs, and innovators from Saudi Arabia and around the world by promoting innovation, creativity, and respect for IP rights.

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