Fundraising in Saudi Arabia

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The development of the regulatory framework for the protection of intellectual property rights is under special state control in Saudi Arabia. In 2018, a single body, SAIP, was established, responsible for all issues related to IP regulation, and in 2022, the National Intellectual Property Strategy (NIPST) was adopted, within the framework of which Saudi china telegram database Arabia plans to join the Madrid Agreement Concerning the International Registration of Marks and the Hague Agreement Concerning the International Registration of Industrial Designs.

The country is also a member of the Gulf Cooperation Council. In other words, you can apply for registration of, for example, a patent in several jurisdictions at once in addition to the kingdom: in the UAE, Kuwait, Bahrain, Qatar and Oman.

Read on the topic: How to register a trademark in Saudi Arabia

If Dubai is called the “Arab miracle,” then Riyadh is also quite entitled to this title. Saudi Arabia is the only country in MENA that has shown growth in venture capital investment in 2023, while this figure for its Gulf neighbors has fallen by an average of 10-30%, and the global decline has reached up to 40%.

Investment volume in Saudi Arabia