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Saudi Arabia to Sign 15 International Treaties, Deals to Strengthen Intellectual Property

Saudi Arabia called for the need to include the Arabic language in the Madrid and Hague systems (SPA)
Saudi Arabia called for the need to include the Arabic language in the Madrid and Hague systems (SPA)
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Saudi Arabia to Sign 15 International Treaties, Deals to Strengthen Intellectual Property

Saudi Arabia called for the need to include the Arabic language in the Madrid and Hague systems (SPA)
Saudi Arabia called for the need to include the Arabic language in the Madrid and Hague systems (SPA)

The Saudi Authority for Intellectual Property is preparing to engage in 15 international treaties and agreements that will strengthen the intellectual property in Saudi Arabia, enable the system of protection and enforcement of intellectual property rights, and enhance cooperation with international partners.

Hesham Alarifi, Executive Director of Partnerships and International Cooperation at the Authority, revealed an endeavor to join 15 international agreements by the end of 2023, within of the framework of the 64th General Assembly of the World Intellectual Property Organization (WIPO), which kicked off on Thursday in Geneva.

Alarifi said that the global forum will have a direct and positive impact on the progress of the intellectual property sector led by the Saudi Authority.

He added that the Kingdom has joined the WIPO in 1982, stressing that the relationship between the two sides has witnessed a strategic development in many businesses and projects.

Saudi Arabia has already signed 13 different agreements, and is looking forward to joining about 15 international conventions and treaties, with the aim to achieve a positive impact on the intellectual property sector in the country, the Saudi official stated.

On Tuesday, the Authority is organizing the Saudi Day event, on the sidelines of the WIPO meetings, to shed light on Saudi culture, history and civilization.

Meanwhile, Saudi Arabia has called for the necessity to include Arabic in the languages of the Madrid System for trademark registration and management and the internationally approved Hague System for registering industrial designs.

Dr. Abdulaziz bin Mohammad Al-Suwailem, CEO of the Saudi Authority for Intellectual Property, stressed the importance of adopting the Arabic language within the languages of the Madrid and Hague systems, noting that the Kingdom has paid great attention to protecting and enforcing intellectual property rights.

Addressing the WIPO General Assembly, Al-Suwailem presented Saudi Arabia’s strategy to build a system that promotes an economy based on innovation and creativity, and the modernization of intellectual property legislation.

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GE Vernova Rolls Out First H-Class Gas Turbine in Saudi Arabia

In the presence of Prince Abdulaziz bin Salman, Minister of Energy, GE Vernova Inc. announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam. Image courtesy: GE Vernova
In the presence of Prince Abdulaziz bin Salman, Minister of Energy, GE Vernova Inc. announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam. Image courtesy: GE Vernova
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GE Vernova Rolls Out First H-Class Gas Turbine in Saudi Arabia

In the presence of Prince Abdulaziz bin Salman, Minister of Energy, GE Vernova Inc. announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam. Image courtesy: GE Vernova
In the presence of Prince Abdulaziz bin Salman, Minister of Energy, GE Vernova Inc. announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam. Image courtesy: GE Vernova

In the presence of Saudi Minister of Energy Prince Abdulaziz bin Salman, GE Vernova Inc. has announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam in an official ceremony held at GESAT.

GESAT, a joint investment with Dussur, is the first facility in Saudi Arabia and the region to manufacture H-Class gas turbines and components.

The first locally completed H-Class unit is set to power the Jafurah Cogeneration Independent Steam and Power Plant (ISPP), which once operational is anticipated to be the most efficient power plant in Saudi Arabia.

By 2030, the entire Jafurah gas field is expected to produce up to 630,000 barrels of natural gas liquids and condensates, as well as over 420 million standard cubic feet (MMSCFD) of ethane per day.

The successful rollout of the locally completed gas turbine at GESAT is a significant milestone in the Kingdom’s energy sector and contributes to Saudi Arabia’s economic diversification and local skills development initiatives, in alignment with Saudi Vision 2030 goals.

The rollout underscores GE Vernova’s commitment to bringing cutting-edge technology products to support both the Kingdom’s energy needs and its sustainability goals.

President of GE Vernova in Saudi Arabia Hisham Al-Bahkali said: “We are incredibly proud of GESAT’s accomplishments in driving industrial localization within the Kingdom’s energy sector in support of Saudi Vision 2030.”

He added: “GESAT strengthens ‘Made in Saudi’ capabilities and, since 2018, has exported 200+ accessory modules for power plants generating more than 11 GW.”

Renowned for their high efficiency and performance, GE Vernova’s H-class gas turbines offer one of the most cost-effective conversions of natural gas to electricity in their class, and support flexible power generation needs across the Middle East.

“The high efficiency and hydrogen readiness of our H-class turbines can support the country’s energy transition, as the turbines can rapidly ramp up or down to support grid stability as more intermittent renewables are integrated into the energy system,” said Joseph Anis, president and CEO of GE Vernova’s Gas Power business in Europe, Middle East and Africa.

To further support the Kingdom’s economic diversification and export capabilities, GE Vernova also signed an MoU with Saudi EXIM that aims at enabling the export of goods and services of GE Vernova from Saudi Arabia through lending and insurance support from Saudi EXIM Bank.

Since inception, GESAT has been set up to deliver technology products for export from the Kingdom, and this MoU aims to further enable export projects. The signing was done by Eng. Saad Alkhalb, CEO of Saudi Exim Bank, and Hisham Al Bahkali, President of GE Vernova for Saudi Arabia.

GE Vernova spun-off from GE and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. With approximately 55,000 wind turbines and 7,000 gas turbines, GE Vernova's technology helps generate about 25% of the world's electricity and has a meaningful role to play in the energy transition.