4

(44) The arbitral tribunal shall base its decision on the
applicable principles and rules of public international law. The
arbitral tribunal shall decide by majority vote. Its decision
shall be final and binding. only the two Governments may request
the arbitral procedure and participate in it.

(444) Each of the Governments shall pay the expense of its
arbitrator and of its representation in the proceedings before

the arbitral tribunal; the expenses of the President and the other

costs shall be paid in equal parts by the two Governments, The

arbitral tribunal may adopt regulations concerning the costs,

consistent with the foregoing. .

(iv) In all other matters, the arbitral tribunal shall
regulate its own procedures,

4, This Agreement shall continue in force until six months from
the date of receipt of a note by which one Government informs the other
of an intent no longer to be a party to the Agreement. In such event,
the provisions of the Agreement with respect to guaranties issued while
the Agreement was in force shall remain in force for the duration of
@uch guaranties, but in no case longer than twenty years after the
termination of the Agreement.

5. This Agreement shall enter into force on the date of the
note by which the Government of Saudi Arabia confirms to the Government
of the United States of America that the Agreement has been approved in
conformity with the applicable laws and procedures of the Government

of saudi arabia. [7]

2 Apr. 26, 1975.

TIAS 8045

[
i
|



4

(14) The arbitral tribunal shall base its decision on the
applicable principles and rules of public international law. The
arbitral tribunal shall decide by majority vote. Its decision
shall be final and binding. Only the two Governments may request
the arbitral procedure and-participate in it,

(444) Each of the Governmentea shall pay the expense of its
arbitrator and of its representation in the proceedings before
the arbitral tribunal; the expenses of the President and the other
costs shall be paid in equal parts by the two Governments, The
arbitral tribunal may adopt regulations concerning the costs,
consistent with the foregoing. .

(iv) In all other matters, the arbitral tribunal shall
regulate its own procedures,

4. This Agreement shall continue in force until six months from
the date of receipt of a note by which one Government informs the other
of an intent no longer to be a party to the Agreement. In such event,
the provisions of the Agreement with respect to guaranties issued while
the Agreement was in force shall remain in force for the duration of
such guaranties, but in no case longer than twenty years after the
termination of the Agreement.

5. This Agreement shall enter into force on the date of the
note by which the Government of Saudi Arabia confirms to the Government
of the United States of America that the Agreement has been approved in
conformity with the applicable laws and procedures of the Government

of saudi arabia. [*]

+ Apr. 26, 1975.

TIAS 8045



TIAS 8045

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US. GOVERNMENT PRINTING OFFICE: 1978 O—B3-648,



TREATIES AND OTHER INTERNATIONAL ACTS SERIES 8045

INVESTMENT GUARANTIES

Agreement Between the
Unirep States oF AMERICA
and Saupr ARABIA

Signed at Washington February 27, 1975



ty

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‘TIAS 8045

|



5

DONE at Washington, in duplicate, in the English and Arabic

. languages this twenty-seventh day of February, 1975, corresponding

to 16 Safar, 1395 H.

YOR THE GOVERNMENT OF THE FOR THE GOVERNMENT OF THE
UNITED STATES OF AMERICA: Cy ROYAL KINGDOM OF SAUDI ARABIA:

lis Cfo ee SE

* William BE, Simon:
*Muhammad Aba al-Khayl

TIAS 8045



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TIAS 8045

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US. GOVERNMENT PRINTING OFFICE: 1978 O-~B3-648

i
|
|
H



TREATIES AND OTHER INTERNATIONAL ACTS SERIES 8045

INVESTMENT GUARANTIES

Agreement Between the
Unrrep States or AMERICA
and Saupi ARABIA

Signed at Washington February 27, 1975



2

1. In order to increase participation by United States private
enterprise in projects bringing new technology to Saudi Arabia,
persons eligible under applicable United States legislation may be
issued guaranties by the United States Government against loss
due to specified risks relating to contracts or investments in
Saudi Arabia which are approved by the Government of Saudi Arabia
(hereinafter, "guaranties"). The Government of the United States
of America agrees that a contract or investment shall be deemed
approved for purposes of this Agreement only if entered into with
the Government of Saudi Arabia, or an agency thereof, or otherwise
approved in accordance with the applicable laws and regulations
of Saudi Arabia.

2. The Government of Saudi Arabia agrees that, with respect
to guaranties issued in accordance with this Agreement, the Overseas
Private Investment Corporation or any similar public agency of the
Government of the United States of America which has made payments
Pursuant to such guaranties or has received assignments in connection
therewith shall ke recognized as succeeding to the rights of the
guaranteed person or firn.

3. (a) Differences between the two Governments concerning the
interpretation of the provisions of this Agreement shall be resolved,
insofar as possible, through negotiations between the two Governments,
If such a difference cannot be resolved within a period of three
months following the request for such negotiations, it shall be
submitted, at the request of either Government, to an arbitral tribunal

for resolution in accordance with paragraph 3(c).

TIAS 8045



SAUDI ARABIA

Investment Guaranties

Agreement signed at Washington February 27, 1975;
Entered into force April 26, 1975.

: AGREEMENT ON GUARANTEED PRIVATE INVESTNENT BETWEEN
THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND
THE GOVERNMENT OF THE ROYAL KINGDOM OF SAUDI ARABIA

The Government of the United States of America and the Government

of the Royal Kingdom of Saudi Arabia agree as follows:

58-648 O—75, (1) TIAS 8045



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ee iy ey Mei DLN ete pad apt EN I Sy aa
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ele Goh pe LI ELE I gia, Uhre ylba Te ae LIE
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Raped ie LF RITE Qh AU BLS

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pa! eb ode eS Bele yes WG OS
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mat caret DE GIS oblate al bby”

Vout opt oes Ue

tee

TIAS 8045.



3

{b) Any claim, arising out of any contract or investment
for which a guaranty has been issued in accordance with thie Agree-
ment, against either of the two Governments, which, in the opinion
ef the other, presents a question of public international law shall,
at the request of the Government presenting the claim, be submitted
to negotiations. If at the end of three months following the request
for neogiations the two Governments have not resolved the claim by
mutual agreement, the claim, including the question of whether it
Presents a question of public international law, shall be submitted,
at the request of either Government, to an arbitral tribunal for
resolution in accordance with paragraph 3(c).

(ce) The arbitral tribunal for resolution of disputes
pursuant to paragraphs 3(a) and 3(b) shall be established and function
as follows:

(4) Each Government shall appoint one arbitrator; these
two arbitrators shall designate a President by common agreement
who shall be a citizen of a third State and bé appointed by the
two Governments. The arbitrators shall be appointed within two
months and the President within three months of the date of
receipt of either Government's request for arbitration. If the
appointments are not made within the foregoing time limits, either
Government may, in the absence of any other agreement, request
the President of the International Court of Justice to make the
Recessary appointment or appointments, and both Governments agree

to accept such appointment or appointments.

TIAS 8045



5

DONE at Washington, in duplicate, in the English and Arabic
languages this twenty-seventh day of February, 1975, corresponding
to 16 Safar, 1395 H.

FOR THE GOVERNMENT OF THE FOR THE GOVERNMENT OF THE
UNITED STATES OF AMERICA: Ly ROYAL KINGDOM OF SAUDI ARABIA:

? William E. Simon
* Muhammad Aba al-Khayl

TIAS 8045



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TF ee ei i ey
lo
TIAS 8045



1 In order to increase participation by United States private
enterprise in projects bringing new technology to Saudi Arabia,
persons eligible under applicable United States legislation may be
issued guaranties by the United States Government against loss
due to specified risks relating to contracts or investments in
Saudi Arabia which are approved by the Government of Saudi Arabia
(hereinafter, "guaranties"). The Government of the United States
of America agrees that a contract or investment shall be deemed
approved for purposes of this Agreement only if entered into with
the Government of Saudi Arabia, or an agency thereof, or otherwise
approved in accordance with the applicable laws an@ regulations
of Saudi Arabia.

2. The Government of Saudi Arabia agrees that, with respect
to guaranties issued in accordance with this Agreement, the Overseas
Private Investment Corporation or any similar public agency of the
Government of the United States of America which has made payments
Pursuant to such guaranties or has. received assignments in connection
therewith shall ke recognized as succeeding to the rights of the
guaranteed person or firm.

3. (a) Differences between the two Governments concerning the
interpretation of the provisions of this Agreement shall be resolved,
insofar as possible, through negotiations between the two Governments.
If such a difference cannot be resolved within a period of three
Months following the request for such negotiations, it shall be
submitted, at the request of either Government, to an arbitral tribunal

for resolution in accordance with paragraph 3(c).

TIAS 8045



:

SAUDI ARABIA

Investment Guaranties

Agreement signed at Washington February 27, 1975;
Entered into force April 26, 1975.

AGREEMENT ON GUARANTEED PRIVATE INVESTMENT BETWEEN
THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND
THE GOVERNMENT.OF THE ROYAL KINGDOM OF SAUDI ARABIA

The Government of the United States of America and the Government

of the Royal Kingdom of Saudi Arabia agree as follows:

58-648 O—75 (1) . TIAS 8045



3

(b) Any claim, arising out of any contract or investment
for which a guaranty has been issued in accordance with this Agree-
pment, against either of the two Governments, which, in the opinion
of the other, presents a question of public international law shall,
at the request of the Government presenting the claim, be submitted
te negotiations, If at the end of three months following the request
for neogiations the two Governments have not resolved the claim by
mutual agreement, the claim, including the question of whether it
Presents a question of public international law, shall be submitted,
at the request of either Government, to an arbitral tribunal for
resolution in accordance with paragraph 3(c).

(c) The arbitral tribunal for resolution of @isputes
pursuant to paragraphs 3(a) and 3(b) shall be established and function
as follows:

(i) Each Government shall appoint one arbitrator; these
two arbitrators shall designate a President by common agreement
who shall be a citizen of a third State and be appointed by the
two Governments, The arbitrators shall be appointed within two
months and the President within three months of the date of
receipt of either Government's request for arbitration. If the
appointments are not made within the foregoing time limits, either
Government may, in the absence of any other agreement, request
the President of the International Court of Justice to make the
necessary appointment or appointments, and both Governments agree

to accept such appointment or appointments,

TIAS 8015.


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teed jpn By IY cys AIT pes es STEM ge CUS pig met Se LT

1 SSL ge pp AMI gy dey sls ey peal!

BAT LT geen) RY Ly BALI GSE e pall te ph Og

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ILS odin iy ASME EG MT pe Flee Uys VE Sel ental pte!
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PNT Jem eopeten pty SLU Gilat!

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TIAS 8045