Investopia becomes the UAE’s first trademark to be registered under the Madrid protocol

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Abu Dhabi, 15 April 2022–  The UAE Ministry of Economy (MoE) received the
request to register the Investopia summit trademark internationally in line with
the country’s accession to the Madrid Protocol for International Trademark
Registration. Once the procedure is complete, the registration with World
Intellectual Property Organization (WIPO) will protect the Summit’s trademark
in more than 125 countries that are parties to the protocol.

Investopia is the UAE’s first trademark to be
registered under the Madrid protocol, which is one of the most prominent
services that the Ministry recently added to its list of distinguished services
offered to trademark owners, including institutions, companies and individuals.

H.E. Abdullah Al Saleh, Undersecretary of the UAE Ministry
of Economy, explained that the UAE’s IP environment is witnessing continuous
developments as it is one of the most important pillars of the country’s knowledge
economy and the new economic model, which is based on flexibility, innovation,
retention and attracting talent and competencies, and attracting
entrepreneurial projects. He further noted that the UAE’s recent accession to
the Madrid Protocol for international registration and protection of trademarks
is a leading step taken by the UAE to enhance the country’s trademark system
and to consolidate the UAE’s position as an intellectual property hub in the
region and a destination that offers prestigious trademarks to inventors and
innovators.

He added: “This step
will contribute to increasing the number of UAE trademarks protected in foreign
markets within the territories of the Madrid Protocol members, who account for more
than 80% of the volume of global trade. This will raise the confidence of
companies, investors and trademark owners in the country’s markets and the UAE’s
overall economic environment.” He added that the Ministry welcomes applications
from those companies registered and licensed in the UAE who wish to avail the
protection offered by the Madrid Protocol in international markets.

The UAE acceded to the Madrid Protocol on September 28, 2021, to enable trademark owners in the country to protect their trademarks in more than 125 member countries through the submission of a single application and paying one set of fees via the MoE’s services platform through the link.

Investopia
Summit is one of the strategic projects announced last September by the UAE
government as part of the first set of ‘Projects of the 50.’ It is a leading
investment platform with a broad network of local and international partners,
including notable future sector companies. The inaugural edition of the Summit
took place on March 28, 2022, and drew the participation of more than 90
speakers and 1,000 attendees including decision makers from the UAE, the
region, and the world, as well as CEOs and experts, who utilized the
opportunity to exchange ideas, explore opportunities, and promote global future
investments. The Summit has set the goal to increase FDI flows to the UAE’s new
and future sectors to reach AED 550 billion by 2030, and AED 1 trillion by
2050. It also highlighted the impact of rapid technological advancements on
investment trends, investors, space investment, agricultural technology, food
security, health care and preventive technology, and the efforts to reshape
globalization.