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Saudi MODON, Techno for Advanced Materials Agree to Establish First CNTs Plant

A general view of Riyadh, Saudi Arabia. (Reuters)
A general view of Riyadh, Saudi Arabia. (Reuters)
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Saudi MODON, Techno for Advanced Materials Agree to Establish First CNTs Plant

A general view of Riyadh, Saudi Arabia. (Reuters)
A general view of Riyadh, Saudi Arabia. (Reuters)

The Saudi Organization for Industrial Cities and Technology Zones (Modon) signed an agreement with a technology company for advanced materials to host the latter’s first plant to produce Carbon nanotubes (CNTs) in an effort to empower the industry in Saudi Arabia and support value added industries.

While Saudi Arabia has been working to boost the growth of industrial production, thus increasing its contribution to its GDP, Modon aims to support value added industries and stimulate local companies to expand in this field.

The agreement aims at supporting the specialized company to establish its first factory for the production of CNTs, which stimulate the paint industry and is in line with modern construction techniques.

It comes as Saudi factories achieved positive growth rates in the second quarter of 2018, confirming the vitality of these factories and their ability to contribute effectively to the Kingdom’s GDP.

The country’s economic growth rates started to increase in 2018, with expectations for higher growth this year.

Meanwhile, Saudi Arabia’s General Authority for Statistics issued the Index of Industrial Production (IIP) for the second Quarter 2018, which shows the results of the relative change and development in the quantities of materials and goods produced.

“When comparing the results of the second quarter 2018 with the results of the previous quarter (Q1 2018), we find that the production quantities have increased by 4.17 percent in all industrial activities, amounting to 137.87 points,” the report said.

The production increase rate in the mining and quarrying activity rise up 1.89 percent. However, the production growth rate increased by 5.07 percent in the manufacturing industry activity, and the electricity and gas supply activity rise by 83.46 percent.

“Furthermore, when comparing the results of the second quarter 2018 with the results of the second quarter 2017, we find that the production quantities increase by 5.84 percent in all industrial activities,” the report explained.

The production growth rate recorded 16.44 percent in the manufacturing industry activity while the production rate of electricity and gas supply has recorded a decrease of 0.30 percent.

These results coincide with the process of providing industrial land developed at very nominal prices, one of the most important support tools provided by Saudi Arabia to investors in the industrial sector, in addition to the provision of high financial loans to these investors.

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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.