Arbitration has been a favourable approach by many companies as arbitrator’s decisions are final and are not appealable, which ensures that disputes are solved promptly and accordingly to parties’ agreement.
International Arbitration
Saudi Arabia is a member of various international arbitration agreements such as the United Nations Commission on International Trade Law
“UNCITRAL” of which Saudi was a member to in 1992 and the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards “New York Convention” of which Saudi Arabia ratified in 1994, which encourage the recognition of foreign arbitral awards.