King Abdul Aziz City of Science and Technology, where the Saudi Patent Office resides, signed a memorandum of understanding with the European Patent Office. The MOU, which aims to strengthen the patent system and increase bilateral cooperation, foresees joint activities in the areas of patent procedures, search, examination and automation, as well as use and exchange of patent data and databases.
With this MOU, Saudi Arabia shows its commitment to develop and establish a competent IP system and demonstrates its awareness of the strategic importance of IP on the country’s economic development.
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