Third Arbitration Forum Opens in Abha, Promoting an Arbitration Culture in Line With Vision 2030
The city of Abha today saw the launch of the third edition of the 2024 Arbitration Forum, organized by the Abha Chamber of Commerce and Industry in cooperation with King Khalid University. The forum is a prominent event in the Aseer region, attended by Dr. Ali Mashnawi, chairman of the board of the Saudi Center for Commercial Arbitration, along with a number of academics, specialists and businesspeople.
Forum Sessions and Goals
The forum's sessions centered on several key themes, including:
- Arbitration in light of Aseer's regional vision: achieving integration between the local economy and Saudi Vision 2030.
- Arbitration in real estate and engineering disputes: promoting justice and faster dispute resolution.
- Annulment of arbitration awards: discussing the relevant laws and procedures.
Participants stressed the importance of arbitration as an effective means of resolving commercial disputes in a way that ensures transparency and fairness, while supporting the business environment and attracting capital through comprehensive quality standards.
Arbitration's Role in Achieving Development
The forum marks a significant step in supporting institutional work in the Aseer region, amid growing interest in an arbitration culture as a core part of improving the business environment and establishing justice and transparency as firmly rooted values in the legal system.
