Wed, 2019-12-18 02:02
Saudi Arabia recently introduced a new law concerning government tenders and procurement procedures that granted the contracting government authorities the right to recourse to arbitration to settle their commercial disputes.
The chairman of the Saudi Center for Commercial Arbitration (SCCA), Yassin bin Khaled Khayat, thanked King Salman and Crown Prince Mohammed bin Salman for the continued support to institutional arbitration in the Kingdom.
He said: “Day after day, the Kingdom is becoming increasingly attractive for business and investment.”
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