On 15 November 2018, CRCICA and the Riyadh Chamber of Commerce and Industry jointly organized a Seminar on “Commercial Arbitration” hosted by the Riyadh Chamber. The event was moderated by Princess Hala bint Khaled bin Sultan, Director, Khaled bin Sultan Living Oceans Foundation, Former Legal Advisor at the Saudi Arabian General Investment Authority and Honorary Member of CRCICA. The inauguration speech was delivered by Mr. Ajlan Bin Abdulaziz Alajlan, Chairman of the Board of the Riyadh Chamber. In his speech, Mr. Ajlan outlined the Chamber’s role in promoting and developing the commercial arbitration as an effective and expedite means to resolve commercial and investment disputes. Prince Dr. Bandar Ben Salman Al-Saud, Honorary President of the GCC Commercial Arbitration Centre and Vice-Chairman of CRCICA’s Board of Trustees shed light on the progress of arbitration in KSA and the role of the Saudi Center for Commercial Arbitration in raising the capacity of Saudi arbitrators.
The presentation of Dr. Selim focused on the most important arbitration awards rendered in cases related to the oil industry and involving Arab oil-producing countries. The presentation also included a historical background about arbitration in the region as well as CRCICA’s services, Board of Trustees, Advisory Committee, caseload and recent activities and recognitions.
The seminar witnessed the singing of a cooperation agreement between CRCICA and the Riyadh Chamber.