Saudi Health Fund’s 34 Agreements, Partnerships Shape 2023 Operations

From the participation of the Health Sector Fund in the previous year's International Healthcare Exhibition in Riyadh, Saudi Arabia (SPA)
From the participation of the Health Sector Fund in the previous year's International Healthcare Exhibition in Riyadh, Saudi Arabia (SPA)
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Saudi Health Fund’s 34 Agreements, Partnerships Shape 2023 Operations

From the participation of the Health Sector Fund in the previous year's International Healthcare Exhibition in Riyadh, Saudi Arabia (SPA)
From the participation of the Health Sector Fund in the previous year's International Healthcare Exhibition in Riyadh, Saudi Arabia (SPA)

The Saudi Health Sector Fund has shown how healthcare is changing during Ramadan, breaking previous records. More than 4 million individual donations were made, with 47 charitable initiatives and 34 partnerships contributing to this generosity.

Aligned with Saudi Vision 2030, the healthcare sector is working to improve people’s health and create vibrant communities. One key program is the Healthcare Sector Transformation Program, which is driving various initiatives to achieve these goals.

A standout initiative is the Health Endowment Fund, the Kingdom’s first independent healthcare fund. It supports access to healthcare for the most vulnerable and involves the community in helping those in need through partnerships.

To ensure transparency and effectiveness, the fund is working with specialized auditing firms. It’s also partnering with financial experts to manage investments for financial sustainability.

Another important effort is the development of primary healthcare centers. This involves improving infrastructure, upgrading equipment, and using technology to enhance healthcare services and patient experiences.

These initiatives reflect the Fund’s commitment to improving healthcare across the sector and providing swift assistance to those in need. Overall, the fund aims to build a model healthcare endowment that can address health challenges effectively with the help of the community.



Saudi Arabia Makes History with Adoption of Riyadh Treaty on Design Law

Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
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Saudi Arabia Makes History with Adoption of Riyadh Treaty on Design Law

Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)

Saudi Arabia has made history by uniting the 193 member states of the World Intellectual Property Organization (WIPO) to adopt the Riyadh Treaty on Design Law. This landmark achievement, realized after two decades of deliberation, underscores the Kingdom’s leadership in enhancing the global intellectual property system.

The announcement came at the conclusion of the Riyadh Diplomatic Conference on the Design Law Treaty, a rare event for WIPO, which has not held a diplomatic conference outside Geneva for more than a decade. It was also the first such event hosted in Saudi Arabia and the Middle East, representing the final stage of negotiations to establish an agreement aimed at simplifying and standardizing design protection procedures across member states.

Over the past two weeks, intensive discussions and negotiations among member states culminated in the adoption of the Riyadh Treaty, which commits signatory nations to a unified set of requirements for registering designs, ensuring consistent and streamlined procedures worldwide. The agreement is expected to have a significant positive impact on designers, enabling them to protect their creations more effectively and uniformly across international markets.

At a press conference held on Friday to mark the event’s conclusion, CEO of the Saudi Authority for Intellectual Property Abdulaziz Al-Suwailem highlighted the economic potential of the new protocol.

Responding to a question from Asharq Al-Awsat, Al-Suwailem noted the substantial contributions of young Saudi men and women in creative design. He explained that the agreement will enable their designs to be formally protected, allowing them to enter markets as valuable, tradable assets.

He also emphasized the symbolic importance of naming the convention the Riyadh Treaty, stating that it reflects Saudi Arabia’s growing influence as a bridge between cultures and a global center for innovative initiatives.

The treaty lays critical legal foundations to support designers and drive innovation worldwide, aligning with Saudi Arabia’s vision of promoting international collaboration in the creative industries and underscoring its leadership in building a sustainable future for innovators.

The agreement also advances global efforts to enhance creativity, protect intellectual property, and stimulate innovation on a broader scale.

This achievement further strengthens Saudi Arabia’s position as a global hub for groundbreaking initiatives, demonstrating its commitment to nurturing creativity, safeguarding designers’ rights, and driving the development of creative industries on an international scale.

The Riyadh Diplomatic Conference, held from November 11 to 22, was hosted by the Saudi Authority for Intellectual Property and attracted high-ranking officials and decision-makers from WIPO member states.