Type:	International treaty
Date of approval :	1428-07-18
accreditation:	Royal Decree
Approval number:	م/64
Type of Accreditation:	Totally
Validity:	Valid
Joining date:	1427-03-12
Summary:	By AI The document addresses the Saudi Council of Ministers Decision No. 1428/7/16H, which approves an agreement between Saudi Arabia and Singapore regarding the encouragement and protection of mutual investments, in addition to the accompanying protocol. The agreement was signed in Singapore on 12 Rabi' al-Awwal 1427H (13 April 2006). The document includes a royal decree ratifying the agreement and requests the relevant authorities to take the necessary procedures to implement the decision, after rev...

KingdomOfSaudiArabiaI~Ia)AR)AN

AGREEMENTBETWEEN

THEKINGDOMOFSAUDIARABIA

AND

THEREPUBLICOFSINGAPORE

CONCERNINGTHE

PROMOTIONANDRECIPROCALPROTECTIONOF

INVESTMENTS

TheGovernmentoftheKingdomofSaudiArabiaandtheGovernmentoftheRepublicof

Singapore(eachhereinafterreferredtoasa“ContractingParty"),

DESIRINGtointensifyeconomiccooperationbetweenbothStates;

INTENDINGtocreatefavourableconditionsforinvestmentsbyinvestorsofone

ContractingPartyintheterritoryoftheotherContractingParty,andtoincrease

prosperityintheirrespectiveterritories;

RECOGNIZINGthatpromotionandprotectionofsuchinvestmentswillincrease

businessinitiativeandbenefittheeconomicprosperityofbothStates;

HAVEAGREEDASFOLLOWS:

ARTICLE1

DEFINITIONS

ForthepurposesofthisAgreement:

1.Theterm“investment”meanseverykindofasset,ownedorcontrolledbyan

investorofaContractingPartyintheterritoryoftheotherContractingPartyin

accordancewithitslegislation,including,thoughnotexclusively,any:

(a)movableandimmovablepropertyaswellasanyotherrightsinrem,such

asmortgages,liens,pledgesandusufructs;

(b)shares,stocksanddebenturesofcompaniesandotherkindsofrightsor

interestsincompaniesaswellassecuritiesissuedbyaContractingParty

oranyofitsinvestors,

(¢)claimstomoneysuchasloansortoanyperformanceundercontract

havingeconomicvalue,associatedwithaninvestment;

(d)intellectualpropertyrights(includingbutnotlimitedto)copyrights,

patents,industrialdesignsandtrademarks,know-how,tradeandbusiness

secrets,tradenamesandgood-will;

(e)anyrightconferredbylaworundercontractoranylicenses,permitsor

concessionsissuedaccordingtolaw;

(a)

(b)

(ii)

(iii)

anynaturalpersonpossessingthenationalityoftheKingdomof

SaudiArabiainaccordancewiththelawoftheKingdomofSaudi

Arabia;

anyentitywithorwithoutlegalpersonality,constitutedin

accordancewiththelawsoftheKingdomofSaudiArabiaand

havingitsheadofficeinitsterritorysuchascorporations,

enterprises,cooperatives,companies,partnerships,registered

offices,funds,organizations,businessassociationsandother

similarentitiesirrespectiveofwhetherornottheyareoflimited

liability,

TheentitiesoftheGovernmentoftheKingdomofSaudiArabia

anditsfinancialinstitutionsandauthoritiessuchastheSaudi

ArabianMonetaryAgency,publicfundsandothersimilar

governmentalinstitutionsexistingintheKingdomofSaudiArabia.

ii)

anypersonwhoisacitizenofSingaporewithinthemeaningofthe

ConstitutionoftheRepublicofSingapore;

anycompany,firm,associationorbody,withorwithoutlegal

personality,incorporated,establishedorregisteredunderthelaws

inforceintheRepublicofSingapore.

bed

Next section title

Next section content

For more, log in

AGREEMENT BETWEEN THE KINGDOM OF SAUDI ARABIA AND THE REPUBLIC OF SINGAPORE CONCERNING THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS