Agreement between the Kingdom of Saudi Arabia and the People's Republic of China on the Promotion and Reciprocal Protection of Investments

NFA,
PBI
AGREEMENT
BETWEENTHEKINGDOMOFSAUDIARABIA
ANDTHEPEOPLE'SREPUBLICOFCHINA
ONTHERECIPROCALPROMOTIONANDPROTECTIONOFINVESTMENTS
TheGovernmentoftheKingdomofSaudiArabiaandtheGovernment
ofthePeople’sRepublicofChina(hereinafterreferredtoasthe
ContractingParties),
Desiringtopromote,protectandcreatefavorableconditions
forinvestmentbyinvestorsofaContractingPartyintheterritory
oftheotherContractingPartyinaccordancewiththeprinciplesof
mutualrespectforsovereignty,equalityandreciprocalbenefits
andforthedevelopmentofeconomiccooperationbetweenthetwo
countries,
Haveagreedasfollows:
ARTICLE1
ForthepurposesofthisAgreement,
1.Theterm"investment"meanseverykindofassetownedor
controlledandinvestedbyinvestorsofoneContractingPartyin
theterritoryoftheotherContractingPartyaccordingtoitslaws
andregulations,includingthefollowinginparticular:
c”
a)movableandimmovablepropertyaswellasanyother
rightssuchasmortgages,liensandpledgesand
similarrights;
b)sharesofcompaniesandotherkindofinterestsin
companies;
Cc
~
claimstomoneyortoanyperformancehavingan
economicvalueassociatedwithinvestment;
d)copyrights,industrialpropertyrightsincludingand
notlimitedtotrademarks,patents,industrial
designs,know-how,tradenames,technological
processandgoodwill;
e)anyrightconferredbylaworunderpubliccontract
oranylicense,permitsorconcessionsissued
bylaw.
thatsuchalterationisnotinconflictwiththe
The
a)
term"investor"means:
inrespectoftheKingdomofSaudiArabia:
1)naturalpersonspossessingthenationalityofthe
KingdomofSaudiArabiainaccordancewiththelawof
theKingdomofSaudiArabia;
2)anyentityhavingorhavingnolegalpersonalityand
ofSaudiArabiaandhavingitsheadofficeinitsvo
territorysuchascorporations,cooperatives,
enterprises,companies,institutions,offices,7
Fe
asRA=
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mts
establishments,funds,organizations,business
associationsandothersimilarentitiesirrespectiveof
whetherornottheyareoflimitedliability:
3)InstitutionsandauthoritiessuchastheSaudi
ArabianMonetaryAgency.publicFunds,Development
Agenciesandothergimilargovernmentalinstitutions
havingtheirheadofficesinSaudiArabia.
b)inrespectofthepeople’sRepublicofChina:
1)naturalpersonspossessingthenationalityofthe
People’sRepublicofChina;
2)economicentitiesestablishedinaccordancewith
thelawsofthePeople’sRepublicofChinaand
havingtheirseatsintheterritoryofthe
people'sRepublicofChina.
3.Theterm"returns"meanstheamountsyieldedbyan
investment,suchasprofits,dividends,royalties,capitalgainsor
anysimilarfeesorpayment.
ARTICLE2
1.EachContractingPartyshallinitsterritorypromoteasfar
aspossibleinvestmentspyinvestorsoftheotherContractingParty
andadmitsuchinvestmentsinaccordancewithitslegislation.It
shallinanycaseaccordsuchinvestmentsfairandequitable
treatment.
2.NeitherContractingPartyshall,withoutprejudiceto
itslawsandregulationsinanyway,impairbyarbitraryor
discriminatorymeasuresthemanagement,maintenance,useor
enjoymentofinvestmentsinitsterritoryofinvestorsoftheother
ContractingParty.TTiy
oA

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