• Including the dispute settlement in commercial contracts.


    Peace and blessings,

              Asharqia Chamber presents its best regards and informs you of  the receipt of The letter of the Saudi Center for Commercial Arbitration No. (1706185) date (7/6/2017), which includes that the role of commercial arbitration and settlement of disputes is an effective role in enhancing the competitiveness of the investment environment in the Kingdom and its contribution in making it an attractive environment for domestic and foreign investment. Commercial Arbitration in the Kingdom because this will help to ease the burden on investors and judicial facilities and achieve the goals of the National Transformation Program (2020).

    In this context, we confirm that the support of the national arbitration institutions will lead to the settlement of the arbitration industry in the Kingdom and develop it to make the Kingdom a prominent place among the countries of the region in this area. This will increase the credibility of the dispute settlement in the Kingdom and reduce the resort to international mechanisms In which there is no settlement in favorable circumstances as well as real damage to the image of the business environment in the Kingdom.

    We would like to inform you of the desire of the Saudi Commercial Arbitration Center to include the model dispute settlement in commercial contracts which states: (Any dispute, or claim related to this contract, breach, termination or to be settled by arbitration and administered by the Saudi Center For commercial arbitration in accordance with its arbitration rules). For further information, please contact the Center at 920003625 or visit the Center website: www.SADR.org.

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