25/04/2012 04:16 AST

The Saudi Forum on Intellectual Property kicked off on Monday at the headquarters of King Abdul Aziz for Science and Technology (KACST).

The KACST hosted the event in collaboration with King Saud University and King Abdul Aziz and his Companions Institute for the Gifted (Mawhiba).

A number of intellectuals from the Kingdom and abroad participated in the event dubbed “Patents: from Idea to the Commercialization.”

It is being organized as part of the LES Around the World Celebration for the protection of intellectual properties.

According to KACST regulations, a patent is an exclusive protection document granted for an invention or for granting protection of documents, layout designs of integrated circuits, plant varieties and industrial designs in the Kingdom.

It aims to provide protection for industrial property in the fields falling within KACST responsibilities.

They include filing and examining industrial property applications, granting industrial property rights, developing national database for industrial property rights, publishing documents of industrial property rights, promoting creativity and raising industrial property awareness.

The same regulation explains the terms and conditions when a patent will not be granted or a protection document will be withheld if its commercial exploitation violates Shariah.

Other cases under which the protection document will not be granted are those when their commercial exploitation is harmful to life, to human, animal or plant health, or is substantially harmful to the environment

In his opening remarks, KACST President Abdullah Al-Suwayl said the total number of patents had increased to 17,270 since the acceptance of the applications in 1989, while the number of applicants who have been granted patents had reached 2,900.

He added that the number of processed, rejected and lapsed applications was 15,478, representing 89 percent of the total applications.

According to Al-Suwayl, these figures show the Kingdom’s keenness (represented by KACST) to accomplish the submitted patents applications.

The number of granted industrial design certificates has increased to 2,225 certificates, while lapsed patent applications are 2,936 or 90 percent from the total applications of 3,272, he said, adding that the processing period takes two and a half to three years, which is a world standard.

The good news, he said, is that the launch of electronic innovation project will be of great help in making communications faster for the applicants. With this, applicants are note required to come themselves to the city.

Al-Suwayl emphasized that the Kingdom is fully aware of the significance of the intellectual properties and its role in preserving the rights of the inventors and innovators and the vital role they are playing in the interest of economic growth.

For more on this Click Here


Arab News

Ticker Price Volume
SABIC 114.77 5,915,941
SAFCO 69.21 264,269
RIBL 13.83 1,519,548
GCEM.UAE 1.08 0
KFIN 518.00 3,663,381
JARIR 177.89 111,251
YANSAB 71.78 332,322
Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

05/04/2018

Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa

Arab News

Green energy drive will boost KSA employment: Saudi Arabia’s renewable energy chief

05/04/2018

In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.

A massiv

Arab News

Dubai house prices, rents drop in first quarter of 2018

05/04/2018

Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices

The National

Saudi Arabia lifts GCC index buoyed by strong oil prices

05/04/2018

Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re

Times of Oman

Banks’ real estate credit at QR147.7bn

05/04/2018

Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i

The Peninsula