Kuwait and Saudi Sign Economic Pact
An official decree has been issued regarding a Memorandum of Understanding between the Kuwaiti and Saudi governments to strengthen economic and planning cooperation between the two countries. The memorandum aims to solidify relations and develop collaboration in areas such as economic planning, economic policies, green and digital economies, and the achievement of Sustainable Development Goals 2030. The means of cooperation include exchange of information, organization of visits and conferences, and the implementation of joint programs, with designated coordinators from each side and protection of intellectual property rights. The memorandum will enter into force in November 2025, lasting for three years, and will be automatically renewed unless either party announces its desire not to renew at least six months prior to the expiration date.
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