{"id":89239,"date":"2024-09-02T00:00:00","date_gmt":"2024-09-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/saudis-ip-sector-was-firing-on-all-four-cylinders-in-1h\/"},"modified":"2024-09-02T00:00:00","modified_gmt":"2024-09-02T00:00:00","slug":"saudis-ip-sector-was-firing-on-all-four-cylinders-in-1h","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/saudis-ip-sector-was-firing-on-all-four-cylinders-in-1h\/","title":{"rendered":"Saudi\u2019s IP sector was firing on all four cylinders in 1H"},"content":{"rendered":"

Saudi Arabia\u2019s intellectual property (IP) scene logged a sharp rise in filings <\/strong>across all <\/strong>major categories in 1H 2024<\/strong>, according to a report (pdf)<\/a> by the Saudi Authority for Intellectual property (SAIP). Patents, trademarks, industrial designs, and copyright applications saw double-digit growth in the first half of the year, reflecting heightened awareness and activity in protecting IP rights across the Kingdom, SAIP said.<\/p>\n

By the numbers: <\/strong>Copyright applications saw the biggest y-o-y growth, rising 80% to 1.2k in 1H 2024. This was followed by a 20% increase in the number of patent applications filed in 1H to 4k. Meanwhile, industrial design applications grew 16% y-o-y to 913 and trademark registration applications were up 12% y-o-y to 24.3k in the first half of 2024. <\/p>\n

Where we\u2019re currently at: <\/strong>In 1H 2024 alone, some 1.9k patents were issued, up 49% compared to the same period last year, while 726 copyright certificates were issued, up 94% y-o-y. Meanwhile, about 11.3k trademarks were registered in the first half of the year, down 25% compared to those issued in 1H 2023, while 488 industrial designs were issued, down 13% y-o-y. <\/p>\n

Aramco led the charge, accounting for <\/strong>30% of all patents issued<\/strong> across the country in<\/strong> 1H<\/strong>, followed by energy providers Halliburton<\/a> with 7% and Schlumberger Technology<\/a> with 2%. Bakher<\/a>Hughes<\/a> and Sabic<\/a> each accounted for 1% of the total issued patents over the same period, according to the report. <\/p>\n

Saudi-based companies accounted for <\/strong>59%<\/strong> of total trademark filings in 1H<\/strong>, a 4% y-o-y increase. This was followed by US-based companies with a 16% share, Chinese companies with 13%, and the UAE with 10%, according to the report. Filings from outside of the Kingdom rose 27% y-o-y.<\/p>\n

Meanwhile, a mixed bag of players in the automotive, machinery and pharma industries<\/strong> led the charge in industrial design filings<\/strong>, with Ferrari<\/a> and Alfanar<\/a> each accounting for 7% of total design filings. This was followed by a 5% contribution from both Rolex SA, and 4% from each of Regeneron Pharma<\/a> and Gessi<\/a>. <\/p>\n

REMEMBER- The gov\u2019t is ramping efforts to protect IP rights in the Kingdom: <\/strong>The revamped investment law<\/a> has set out to establish a comprehensive regulatory framework for investor protection, including safeguarding intellectual property rights and commercial confidentiality in order to lure in foreign investors. Additionally, SAIP has recently rolled out<\/a> new regulations for licensing to those seeking to manage IP portfolios or assist clients with matters related to patents, trademarks and copyright to align with international standards. <\/p>\n","protected":false},"excerpt":{"rendered":"

Aramco accounted for 30% of all patents issued across the country in 1H<\/p>\n","protected":false},"author":1,"featured_media":89240,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2705],"tags":[2471,10,2507],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","tag-enterpriseam-ksa","tag-intellectual-property","wpautop","entry"],"acf":{"mongo_id":"bc5e0076-cec2-44b3-ba3d-1cc104d377e7","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/53.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi\u2019s IP sector logs gains in 1H 2024, with copyright applications rising 80% y-o-y","related_issue":[89226],"teaser":"Aramco accounted for 30% of all patents issued across the country in 1H","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.d7df6831-98fb-4b3b-9d96-ee727bb93f07.mp3"},"yoast_head":"\nSaudi\u2019s IP sector was firing on all four cylinders in 1H - 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