Arbitration has become more efficient in resolving conflicts in the Kingdom of Saudi Arabia after the establishment of the first Commercial Arbitration Center.
Walkthrough of the Saudi Commercial Arbitration Center:
· The Center’s head office is location in Riyadh, but the Council of Ministers seeks establishing branches in other parts of the Kingdom
· The Council of Chambers of Commerce and Industry directors will run the center
· The Ministry of Justice will handle the issuance of licenses for the center
· The directors will regulate the arbitration and incurring fees and expenses
· The concerned ministries will also provide arbitral aids funded be the government to those involved with claims.
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