Saudi Arabia, the second-largest country in the Arab World and the fifth-largest country in Asia are one of the most important countries in the Middle East. Being one of the world’s largest oil producers and largest oil exporters, Saudi Arabia is a key country. The country controls the world’s second-largest oil reserve and sixth-largest gas reserve. (The rankings are subject to change). The Saudi Arabia has been ranked high on the Human Development Index categorizing as World Bank High Income Economy. Being a major power with a strong influence in the world politics, Saudi Arabia is the only country to be a part of G20 major economies.
Saudi is considered as a regional and middle power with the highest economy in the middle east. With more young population, Saudi is on the forefront of being the industrialized economy coupled with the strong technological interference.
Previously, three governmental bodies had the authority to protect and enforce intellectual property rights: The Ministry of Commerce and Industry for trademarks, the Ministry of Culture and Information for copyright, and King Abdulaziz City for Science and Technology for patents. All of these powers have now been transferred to the Saudi Authority for Intellectual Property (SAIP). The Commercial Courts preside over infringement-related disputes.
Owing to the importance of the patent system and the cc, Saudi Arabia provides comprehensive coverage of the patent system. There are at present two overlapping patent systems in Saudi Arabia.
The GCC Patents of Inventions Regulation of 2001, which is an amendment of an earlier statute of 1992, was approved in Saudi Arabia by Royal Decree No M/28 of 2001. This permits the registration of patents with effect throughout the GCC countries. The GCC Patent Office is based in Riyadh.
Under Saudi Arabian law, patents are governed by the Layout Designs of Integrated Circuits, Plant Varieties, and Industrial Models Regulation, Royal Decree No M/27 of 20 Jumada Awal 1425 Hejra (corresponding to 17 July 2005) and its Implementing Rules, issued by the President of King Abdulaziz City for Science and Technology No 161-2-3607329 of 30 Dhul Hijja 1436 Hejra (corresponding to 13 October 2015).
These regulations give effect to the Paris Convention for the Protection of Industrial Property under Saudi Arabian domestic law.