Type:	International treaty
Date of approval :	1425-05-29
accreditation:	Royal Decree
Approval number:	م/28
Type of Accreditation:	Totally
Validity:	Valid
Joining date:	1424-07-18
Summary:	By AI The Saudi Council of Ministers approved an agreement with the Government of Indonesia aimed at encouraging and protecting mutual investments, thereby enhancing economic relations between the two countries. The agreement includes clear definitions of investment, encompassing assets owned or controlled by investors, such as properties, shares, financial claims, and intellectual property rights. A draft royal decree has been prepared to activate this agreement.

AGREEMENT

BETWEEN

THEGOVERNMENTOFTHEKINGDOMOFSAUDIARABIA

ANDTHEGOVERNMENTOFTHEREPUBLICOFINDONESIA

CONCERNING

THEPROMOTIONANDRECIPROCALPROTECTION

OFINVESTMENTS

TheGovernmentoftheKingdomofSaudiArabiaandtheGovernmentoftheRepublicof

indonesia(hereinafterreferredtoas“theContractingParties”);

BearinginmindthefriendlyandcooperativerelationsexistingbetweenthetwoCountries;

IntendingtocreatefavourableconditionsforinvestmentsbyinvestorsofoneContracting

PartyintheterritoryoftheotherContractingPartyonthebasisofmutualbenefit;and

RecognizingthattheAgreementonthePromotionandReciprocalProtectionof

Investmentswillbeconducivetothestimulationofinvestmentandtoincreasethe

prosperityofbothCountries;

Haveagreedasfollows:

Article|

DEFINITIONS

ForthepurposeofthisAgreement:

1Theterm“investment”meanseverykindofasset,ownedorcontrolledbyan

investorofaContractingPartyintheterritoryoftheotherContractingParty

accordingtoitslawsandregulationsandinparticular,butnotexclusively,

includes:

movableandimmovablepropertyaswellasanyotherrightsinrem,suchas

mortgages,leases,liensandpledgesandsimilarrights;

shares,stocks,bondsanddebenturesofcompaniesandotherkindsofrightsor

interestsincompaniesaswellassecuritiesissuedbyaContractingPartyorany

ofitsinvestors;

c)claimstomoneysuchasloansortoanyperformancehavinganeconomicvalue,

associatedwithaninvestment;

intellectualpropertyrights,includingbutnotlimitedtocopyrights,patents,know-

how,trademarks,tradenames,good-will,industrialdesigns,layoutdesignsof

integratedcircuits,geographicalindicationsandprotectionofundisclosed

information

e)anyrightsconferredbylaworunderpubliccontractoranylicenses,permitsor

concessionsissuedbyaContractingPartyaccordingtoitslaw.

Anyalterationsoftheforminwhichassetsareinvestedorreinvestedshallnotaffecttheir

classificationasinvestment,providedthatsuchalterationisnotinconflictwiththelaws

andregulationsoftheContractingPartyintheterritoryofwhichtheinvestmentismade.

(2)Theterm“returns”meanstheamountsyieldedbyaninvestmentinparticular

including,butnotlimitedtoprofit,dividends,royalties,capitalgainsandanysimilar

payments.

(3)Theterm“investor”means:

a)InrespectoftheKingdomofSaudiArabia;

i.naturalpersonspossessingthenationalityoftheKingdomofSaudiArabiain

accordancewiththelawoftheKingdomofSaudiArabia;

anyentityhavingorhavingnolegalpersonalityandconstitutedinaccordance

withthelawsoftheKingdomofSaudiArabiaandhavingitsheadofficeinits

territorysuchascorporations,enterprises,cooperatives,companies,

partnerships,offices,establishments,funds,organizations,business

associationsandothersimilarentitiesirrespectiveofwhetherornottheyareof

limitedliability;

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