Saudi Arabia ranks high on global IP indices: Report

Saudi Arabia has ranked 27th on Intellectual Protection Index and 24th on Intellectual Property Rights Index for 2020, according to the Digital Competitiveness reports and the World Economic Forum.

The reports indicated that the Kingdom has surpassed more than 114 countries out of 141 on the Intellectual Property Protection Index, moving 4 ranks from the year 2018, reported Saudi Press Agency (SPA).

On the Intellectual Property Rights Index, the kingdom it jumped more than 10 ranks compared to the year 2019.

The National Centre for Performance Measurement (Adaa) said that the Intellectual Property Rights Index is issued by the Institute for Management Development as one of the sub-indicators of the Digital Competitiveness Index, adding that the intellectual property rights are concerned with registering and protecting the rights arising from any moral or innovative product such as trademarks, patents, copyrights, and design rights.

The Centre ascribed the Kingdom of Saudi Arabia's progress to the leadership’s interest in supporting the intellectual property rights protection efforts, noting that it monitors the status of progress in services related to the intellectual property rights and protection index in a way that contributes to enabling decision-makers to develop the performance of government agencies.

Source: http://www.tradearabia.com/news/MISC_381737.html