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Saudi Arabia, France Sign MoU on Energy Cooperation

Saudi Energy Minister Prince Abdulaziz bin Salman and French Foreign Minister Catherine Colonna after signing the MoU on Thursday. (SPAP)
Saudi Energy Minister Prince Abdulaziz bin Salman and French Foreign Minister Catherine Colonna after signing the MoU on Thursday. (SPAP)
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Saudi Arabia, France Sign MoU on Energy Cooperation

Saudi Energy Minister Prince Abdulaziz bin Salman and French Foreign Minister Catherine Colonna after signing the MoU on Thursday. (SPAP)
Saudi Energy Minister Prince Abdulaziz bin Salman and French Foreign Minister Catherine Colonna after signing the MoU on Thursday. (SPAP)

Saudi Energy Minister Prince Abdulaziz bin Salman held talks in Riyadh on Thursday with French Foreign Minister Catherine Colonna, who was on an official visit to the Kingdom.

They discussed prospects of cooperation in peaceful uses of nuclear energy and future opportunities in various energy fields, including renewable energy, clean hydrogen, and electricity interconnection.

The ministers signed a Memorandum of Understanding to establish a framework for collaboration in the energy sector.

The MoU encourages cooperation between their countries in the fields of electricity, renewable energy, energy efficiency, energy storage, smart grids, oil and gas and their derivatives, refining, petrochemicals, and the distribution and marketing sectors.

This will further the collaboration in technologies, with an aim to mitigate the effects of climate change, such as carbon capture, utilization and storage (CCUS) in hard-to-abate sectors, and the production of hydrogen, as well as other technological innovations.

The MoU also promotes cooperation in digital transformation, localization of materials, products and services in the energy supply chain, collaboration between companies in the energy sector, joint research in universities, research centers and other forums, as well as building human capacity through training and exchanging of experience in the energy sector.

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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.