Saudi Center for Commercial Arbitration, Hague-based Permanent Court of Arbitration Co-sign Cooperation Accord

The Saudi Center for Commercial Arbitration has signed a cooperation agreement with the Permanent Court of Arbitration, in the Hague, Netherland, with the aim of coordinating efforts between the two sides, to improve the practices of the alternative disputes settlement domain, in the region, and to consolidate their partnerships with the leading international institutions, in the domain of alternatives to disputes settlement.

The Saudi Center for Commercial Arbitration was represented at the signing ceremony of the agreement by its CEO, Dr. Hamid Meera, while the Permanent Court of Arbitration was represented by its Secretary-General Hugo Siblesz.

Under the cooperation agreement, the two parties will cooperate in promoting arbitration, mediation, and other alternatives to disputes settlement, in addition to exchanging information, holding conferences, events, specialized activities, student arbitration competitions, and others.

“The center is keen to diversify its international partner base in the industry of alternative disputes settlement, and the Permanent Court of Arbitration is one of the well-established international institutions with a likewise experience in this field, and we are confident that this cooperation will positively reflect on the center’s international position and its vision to be the preferred arbitration destination, in the region, by 2030, the CEO of the Saudi Center for Commercial Arbitration, Dr. Hamed Meera commented..