The Government of the Kingdom of Saudi Arabia and the Government of the Republic of Ecuador (hereinafter referred to as the Contracting Parties), desiring to document the bonds of friendship existing between the two countries, strengthen the historical ties between their peoples, and develop and support cooperation between their countries in the economic, commercial, investment, educational, scientific, technical, cultural, media, tourism, youth, and sports fields, and in appreciation of the benefits that may accrue to both countries as a result of enhancing cooperation between them, in accordance with the systems and laws in force in both countries, have agreed as follows:

• The contracting parties shall work to encourage economic, commercial, and investment cooperation between their two countries and their citizens, whether natural or legal persons. This cooperation includes, but is not limited to, the following:

  • 1- Cooperation in all economic fields, including industrial, petroleum, mineral, petrochemical, agricultural, animal husbandry, tourism, and health projects.
  • 2- Encouraging the exchange of knowledge and technical expertise necessary for specific cooperative programs.

The contracting parties shall exert their best efforts to encourage, expand, and diversify their commercial relationship within the framework of the International Commercial Law.

• The two contracting parties shall work on the following:

  • 1- Encouraging and facilitating the investments of their citizens in all fields, except for the fields excluded according to the internal regulations in their respective countries.
  • 2- Encouraging the establishment of investment projects in accordance with the investment laws and regulations in force in both countries.

• The two contracting parties shall work on the following:

  • 1- Encouraging the exchange of visits by representatives, delegations, and economic, commercial, and technical missions, whether from the public or private sector.
  • 2- Encouraging participation in trade exhibitions held in both countries, and providing the necessary facilitation for that.

• The two contracting parties shall work on the following:

  • 1- Encouraging cooperation in the fields of education, scientific research, science, and technology through the exchange of information in areas of mutual interest, exchanging information related to scientific and technical research, exchanging visits between officials, researchers, experts, and specialists, training researchers and technical assistants, and participating in seminars and scientific conferences of common interest.
  • 2- Encouraging cooperation in cultural fields and youth and sports areas, through coordinating positions in international forums and exchanging programs between youth and sports institutions, associations, and federations, as well as exchanging visits and expertise between officials responsible for youth and sports affairs.
  • 3- Encouraging cooperation in visual, audio, and printed media fields, through exchanging visits and expertise between public and private media institutions in programmatic and technical fields, exchanging audio, visual, and printed materials, and participating in related festivals.
  • 4- Encouraging and developing tourism between the two countries by exchanging tourism information between them, and promoting group and individual tourism for the citizens of both countries.

The contracting parties agree not to use the information exchanged between them except for the purposes designated in accordance with their agreement, and each party undertakes not to transfer any information exchanged between them to a third party without the written consent of the other contracting party.

The contracting parties shall work on concluding joint executive cooperation programs in any of the fields included within this agreement, as well as concluding independent agreements in specific fields of common interest, whenever the need arises.

The contracting parties shall form a joint committee to follow up on the implementation of this agreement, if necessary.