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Saudi Crown Prince Launches National Intellectual Property Strategy

Prince Mohammed bin Salman, Crown Prince and Prime Minister, during the forty-third session of the Gulf Cooperation Council (GCC), in the Saudi capital Riyadh, on the sidelines of the Gulf Arab Chinese Summits, on December 9, 2022. (SPA)
Prince Mohammed bin Salman, Crown Prince and Prime Minister, during the forty-third session of the Gulf Cooperation Council (GCC), in the Saudi capital Riyadh, on the sidelines of the Gulf Arab Chinese Summits, on December 9, 2022. (SPA)
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Saudi Crown Prince Launches National Intellectual Property Strategy

Prince Mohammed bin Salman, Crown Prince and Prime Minister, during the forty-third session of the Gulf Cooperation Council (GCC), in the Saudi capital Riyadh, on the sidelines of the Gulf Arab Chinese Summits, on December 9, 2022. (SPA)
Prince Mohammed bin Salman, Crown Prince and Prime Minister, during the forty-third session of the Gulf Cooperation Council (GCC), in the Saudi capital Riyadh, on the sidelines of the Gulf Arab Chinese Summits, on December 9, 2022. (SPA)

Prince Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the Council of Economic and Development Affairs, launched on Thursday the National Intellectual Property Strategy (NIPST).

One of the enablers for achieving the objectives of Saudi Vision 2030, NIPST aims to build an intellectual property ecosystem that supports innovation and creativity based economy, by developing an intellectual property (IP) value chain that stimulates innovation and creativity competitiveness and supports economic growth to ensure that Saudi Arabia becomes a leader in intellectual property.

Crown Prince Mohammed underlined his aspirations to stimulate creativity and innovation in the Kingdom for the next five years through the National Intellectual Property Strategy.

“We have minds and energies passionate about innovation and creativity, and by enabling them, the Kingdom of Saudi Arabia will become a vibrant environment for a knowledge economy based on an integrated Intellectual Property ecosystem that develops innovative technologies and industries, and contributes to growth of enterprises,” he stressed.

“The National Intellectual Property Strategy will further enable stimulating investment, create high quality jobs, and raise awareness of creators and innovators rights.”

In order to ensure the growth of innovation and stimulate creativity, the NIPST is based on four fundamental pillars: IP Creation, IP Administration, IP Commercialization, and IP Protection.

In order to achieve these pillars, cooperation and integration with national stakeholders will be strengthened as key partners to support innovation, creativity, and investment growth worldwide through NIPST objectives. This in turn boosts Saudi Arabia’s capabilities to create IP assets of economic and social value.

IP Creation builds on the importance of IP creation and Saudi creative minds and young talents that innovate in various fields.

IP Protection seeks to respect intellectual property rights and boost the value of protection of creative rights. It also aims to stimulate the market economy through intellectual property protection.

IP Commercialization seeks to boost the competitiveness of IP-based products through the utilization of intellectual property and maximizing its impact. It will contribute to the growth and attraction of investments in Saudi Arabia and taking into consideration the Kingdom's investments in cities and projects of the future, innovation and creativity, such as The Line and Neom and its distinctive geographical location and strong digital infrastructure

To ensure effective management of human creations, IP Administration aims to improve the IP value by establishing a fast and high-quality registration system.

Each pillar will also have a number of initiatives assigned to government agencies and is measured periodically according to a governance framework that defines roles and responsibilities, including decision-making on important issues related to the implementation of NIPST projects and supporting thereof.

The adoption of NIPST supports the empowerment of innovators in various fields to build an ambitious country and a diversified and prosperous economy for Saudi Arabia and that attracts interested researchers, entrepreneurs and innovators from the Kingdom and around the world.

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Iranian Official to Asharq Al-Awsat: Committed to Peace and Stability with Saudi Arabia

Iranian Deputy Foreign Minister Majid Takht Ravanchi (Reuters)
Iranian Deputy Foreign Minister Majid Takht Ravanchi (Reuters)
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Iranian Official to Asharq Al-Awsat: Committed to Peace and Stability with Saudi Arabia

Iranian Deputy Foreign Minister Majid Takht Ravanchi (Reuters)
Iranian Deputy Foreign Minister Majid Takht Ravanchi (Reuters)

Iranian Deputy Foreign Minister Majid Takht Ravanchi reaffirmed Iran and Saudi Arabia’s mutual determination to establish lasting peace and stability in the region.
Speaking to Asharq Al-Awsat during his visit to Riyadh, Ravanchi emphasized that achieving this goal requires sustained bilateral and regional cooperation to address current threats and build a foundation for prosperity and security.
During his meetings with the Saudi Vice Minister of Foreign Affairs, Eng. Waleed ElKhereiji, Ravanchi discussed strengthening bilateral relations in political, economic, and consular fields, and explored key regional and international issues.
He described Saudi-Iranian efforts as a “successful model of bilateral and multilateral cooperation,” aimed at fostering peace, security, and development on both regional and international levels. Ravanchi underscored the importance of historical ties and the principle of good neighborliness as the basis for advancing this relationship.
Following the second meeting of the Saudi-Chinese-Iranian trilateral committee in Riyadh, both Saudi Arabia and Iran reiterated their full commitment to implementing the Beijing Agreement, according to a statement by the Saudi foreign ministry. The accord, mediated by China, aims to restore diplomatic ties and promote mutual respect for sovereignty and security in accordance with the principles of the UN Charter, the Organization of Islamic Cooperation (OIC), and international law.
China praised the progress achieved since the agreement’s signing, including the reopening of embassies and increased bilateral engagement. It pledged to continue supporting Saudi-Iranian efforts to deepen their cooperation and maintain regional stability.
Ravanchi, who previously served as Iran’s ambassador to the United Nations and was a member of the Iranian nuclear negotiating team with the P5+1, described the atmosphere of the meetings as “cordial and transparent.” He added that the three nations exchanged views on topics of mutual interest and stressed the importance of continuing this “positive and forward-looking process.” He also revealed “constructive and friendly” meetings held by the Iranian delegation with their Saudi hosts and Chinese counterparts, during which they discussed enhancing bilateral and trilateral cooperation and reviewed developments in relations over the past year.
One significant development has been the improvement in consular services. Over 87,000 Iranian pilgrims performed Hajj, and more than 52,000 completed Umrah in the past year, demonstrating enhanced coordination. Additionally, the first meeting of the Saudi-Iranian Joint Media Committee and the signing of an MoU between Saudi Arabia’s Prince Saud Al-Faisal Institute for Diplomatic Studies and Iran’s Institute for Political and International Studies further strengthened institutional ties.
The trilateral meeting also tackled pressing regional challenges, particularly the Israeli-Palestinian conflict. The participants condemned Israel’s aggression in Palestine, Lebanon, and Iran, calling for an immediate cessation of hostilities and the continuation of humanitarian aid to affected regions. They warned that ongoing violence poses significant risks to regional and global security, including threats to maritime safety.
On Yemen, the parties reiterated their support for a comprehensive political solution under United Nations auspices. They emphasized the importance of dialogue and diplomacy to achieve lasting peace in the war-torn country.
Saudi-Iranian relations have undergone a remarkable transformation since the signing of the Beijing Agreement. The reopening of embassies, including Iran’s embassy in Riyadh in June after a seven-year hiatus, marked a turning point in their ties.
Iranian Deputy Foreign Minister for Consular Affairs Alireza Bigdeli described the day as a “historic milestone” in Saudi-Iranian relations. He expressed confidence that the renewed relationship would reach its peak, emphasizing that the restoration of ties between Iran and Saudi Arabia opens a new chapter in bilateral and regional relations, aimed at greater cooperation and stability.