Qatar takes the helm at GCC Commercial Arbitration Centre
INDUSTRIAL NEWS
Qatar has assumed the chairmanship of the GCC Commercial Arbitration Centre commencing January 2024.
During the annual session of the Board of Directors, which initiates at the start of each calendar year and extends for a full year, Saleh Bin Hamad Al-Sharqi, the representative of Qatar, assumed the chairmanship, which aligns with the established protocol observed in the meetings of the Gulf Cooperation Council leaders.
Dr Kamal bin Abdullah Al Hamad, the Secretary-General of the GCC Commercial Arbitration Centre, acknowledged Al-Sharqi's impressive track record in the realms of commerce, arbitration, and management.
Enhancing operations
He highlighted Al-Sharqi's capacity to enhance the Centre's operations, formulate a progressive work strategy and elevate it to the status of a leading global arbitration institution.
Dr Al Hamad emphasised that the General Secretariat of the Centre is committed to executing the strategic transformation plan to realise the Centre's vision of providing an advanced international arbitration experience conducive to optimal dispute resolution.
This, in turn, supports the commercial sector and attracts foreign investments by furnishing an efficient and accessible avenue for settling commercial disputes in accordance with international frameworks. The overarching goal is to adopt the most contemporary and exemplary practices in the field of arbitration.--TradeArabia News Service
