Memorandum of Understanding between Kuwait and Saudi Arabia in the field of economy and planning

Decree No. 131 of 2026 was published in the Official Gazette, “Kuwait Today,” approving a Memorandum of Understanding (MoU) between the Governments of Kuwait and the Kingdom of Saudi Arabia in the field of economics and planning. Its provisions are as follows:

Article One: Approval of the Memorandum of Understanding between the Government of the State of Kuwait and the Government of the Kingdom of Saudi Arabia in the field of economics and planning, signed in the city of Riyadh on November 10, 2025.

Article Two: The ministers shall implement this decree, each within their respective areas of competence. This decree shall take effect from the date of its publication in the Official Gazette.

The Memorandum of Understanding between Kuwait and Saudi Arabia stipulates the following:

The Government of the State of Kuwait, represented by the General Secretariat of the Supreme Council for Planning and Development, and the Government of the Kingdom of Saudi Arabia, represented by the Ministry of Economy and Planning (hereinafter referred to as “the Parties”), driven by their desire to strengthen existing relations and develop cooperation in the field of economics and planning based on the principle of mutual benefit, and recognizing the benefits to be derived therefrom, and in accordance with the systems and laws in force in both countries, have agreed as follows:

Article One

This Memorandum aims to establish a framework for understanding between the Parties in the field of economics and planning, in accordance with the areas of cooperation referred to in Article (Two) of this Memorandum.

Article Two

The Parties encourage cooperation between them in the following areas:

1. Medium- and long-term economic planning.

2. Economic studies and modeling.

3. Economic policies.

4. Economic plans and their governance.

5. Economic knowledge and information, and the development of economic leadership.

6. Green, circular, and digital economies.

7. Achieving the 2030 Sustainable Development Goals.

8. Any other area agreed upon by the Parties.

Article Three

Cooperation under this Memorandum shall be implemented through the following means:

1. Exchange of information, expertise, and studies.

2. Exchange of visits between experts and specialists.

3. Organization of conferences, seminars, and workshops.

4. Any other means agreed upon by the Parties.

Article Four

The Parties may conclude independent programs within the framework of this Memorandum, specifying the activities they agree upon, the method of participation for each party, and the related provisions and timeframes, including financial aspects, and any other arrangements that may be necessary.

Article Five

Each Party shall appoint a coordinator in writing, who shall serve as the main point of contact for communication between them. The coordinator shall be responsible for following up on and overseeing the implementation of this Memorandum. In the event of any change to the coordinator appointed by either Party, the other Party must be notified in writing immediately.

Article Six

This Memorandum shall not create any rights or obligations governed by international law, nor shall its provisions affect the obligations, rights, or privileges of the Parties arising from international treaties and agreements to which one or both Parties are signatories.

Article Seven

Each Party shall bear the financial costs incurred in fulfilling its obligations under this Memorandum, according to its available resources.

Article Eight

The Parties shall take the necessary measures to protect intellectual property rights resulting from any activity under this Memorandum, in light of the systems and laws in force in their respective countries and the international treaties to which either Party is a party.

Article Nine

The Parties undertake not to use the information and documents exchanged between them except for the purposes specified in their agreement, and not to transfer them to a third party without the written consent of the Party that provided them. The provisions of this Article shall remain in effect even after the termination of this Memorandum.

Article Ten

Any disputes arising between the Parties regarding the interpretation or implementation of this Memorandum shall be settled amicably through diplomatic channels, via consultation between them, in a manner that serves their common interests.

Article Eleven

1. This Memorandum shall enter into force from the date of the last mutual notification between the Parties through diplomatic channels, confirming the completion of the internal procedural requirements for its entry into force.

2. The duration of this Memorandum shall be three years, and it shall be automatically renewed for similar periods, unless one Party notifies the other in writing through diplomatic channels of its intention to terminate or not renew it at least (six) months prior to the specified termination date.

3. This Memorandum may be amended by mutual written agreement of the Parties. Any amendment shall enter into force in accordance with the procedure specified in Paragraph (1) of this Article.

4. In the event of the termination or expiry of this Memorandum, its provisions shall remain in effect with regard to projects and programs established under it, unless the Parties agree otherwise.

This Memorandum was drafted in the city of Riyadh on 19/5/1447 AH, corresponding to 10/11/2025 AD, in two original copies in the Arabic language.

Signed on behalf of the Government of the State of Kuwait by the Undersecretary of the Ministry of Oil for International Economic Affairs, and on behalf of the Government of the Kingdom of Saudi Arabia by Mr. Rakan bin Wadhih Tarabzoni, Undersecretary of the Ministry of Economy and Planning for International Economic Affairs.