National Intellectual Property Strategy to provide 13,000 jobs: SAIP Spokesperson

Logo of the Saudi Authority for Intellectual Property

The National Intellectual Property Strategy (NIPST) aspires to introduce about 13,000 jobs, Akhbaar24 cited, Spokesperson for the Saudi Authority for Intellectual Property (SAIP), Ahmed Almarshadi, as saying.

NIPST will provide 11,000 new competitive jobs and more than 2,500 professional jobs in the intellectual property (IP) field at an average of 10.5 jobs per every SAR 1 million as an investment return under the strategy, Almarshadi added.

The strategy supports economic growth through various initiatives, including creating new markets and technologies that provide quality investments and job opportunities tto serve the entire economy and nationals.

It will also enhance growth of technology-based industries and expands the scope of IP services. The strategy will also boost the profits of commercial business by raising the competitive abilities of the products and services based on IP.

Crown Prince Mohammed bin Salman, Prime Minister, Chairman of the Council of Economic and Development Affairs, launched on Dec. 22, the National Intellectual Property Strategy as a key enabler for achieving the Vision 2030 objectives, Argaam reported.