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Taiwan Seeks to Expand Tech Cooperation with Saudi Arabia

Taiwan looks to increase cooperation with Saudi Arabia in several economic fields. In the photo, Taipei 101, one of the tallest towers in the world at 508 meters, is shown in the capital city of Taipei (Asharq Al-Awsat)
Taiwan looks to increase cooperation with Saudi Arabia in several economic fields. In the photo, Taipei 101, one of the tallest towers in the world at 508 meters, is shown in the capital city of Taipei (Asharq Al-Awsat)
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Taiwan Seeks to Expand Tech Cooperation with Saudi Arabia

Taiwan looks to increase cooperation with Saudi Arabia in several economic fields. In the photo, Taipei 101, one of the tallest towers in the world at 508 meters, is shown in the capital city of Taipei (Asharq Al-Awsat)
Taiwan looks to increase cooperation with Saudi Arabia in several economic fields. In the photo, Taipei 101, one of the tallest towers in the world at 508 meters, is shown in the capital city of Taipei (Asharq Al-Awsat)

A Taiwanese diplomat has emphasized the strategic relations between Saudi Arabia and Taiwan as the latter aims to expand bilateral cooperation in new value-added technologies.
“Since the 1970s, Saudi Arabia and Taiwan have shared a deep and significant partnership. Taiwan has reiterated its support for Saudi Arabia’s Vision 2030, led by King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman,” said Teng Cheng Ping, head of Taiwan’s mission in Saudi Arabia.
Speaking to Asharq Al-Awsat, the Taiwanese representative noted that Taiwan holds the fourth-largest foreign exchange reserves globally, highlighting the saving habits of its consumers.
He pointed out that the entry of Saudi National Bank into Taiwan’s Formosa market as the first Saudi bank reflects the uniqueness of bilateral relations and the mutual desire to forge a strategic partnership for a better future, enhancing comprehensive bilateral cooperation, friendship, and cultural understanding between the two peoples.
“Saudi Arabia has requested Citibank and Goldman Sachs to issue $500 million in unsecured floating-rate bonds for five years. In the future, Taiwan will continue to invest in the Kingdom and support the country’s efforts to advance Vision 2030,” said Ping.
He also mentioned that Foxconn is still discussing high-tech collaboration projects with the Saudi government.
The company’s operations in the Kingdom focus on electric vehicle technologies, a key aspect of industrial technological cooperation that adds value to the industrial economy.
According to Ping, Taiwan leads the world in high-tech industries such as semiconductors, chip manufacturing, and design.
These sectors are crucial components of artificial intelligence technology, making them vital areas for collaboration with Saudi Arabia in shaping the new industrial future.
“Currently, Taiwan has built semiconductor plants in the United States, Japan, and Germany, with these countries also investing in Taiwan,” Ping said.
“Therefore, Taiwan and Saudi Arabia can enhance cooperation in these fields in the future,” he added.
Ping emphasized that Foxconn’s investment in Saudi Arabia, as the world’s largest manufacturer and provider of technical services, in the field of electric vehicle technologies, will bolster the Kingdom’s strategy to empower promising sectors, including the automotive industry.
This move contributes to diversifying Saudi Arabia’s economy, reducing carbon emissions, and preserving the environment, alongside promoting sustainable development, attracting investments, and creating new job opportunities.

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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)
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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.