The Saudi enforcement judiciary has dealt with 75,000 arbitration awards and conciliation deeds with a total value of SAR 7.6 billion over the past five years.
“These figures stress the governmental, legislative and judicial support for Alternative Dispute Resolution (ADR), including the issuance of several laws, such as the Enforcement Law, the Arbitration Law, and the Government Tenders Law,” said the Saudi Ministry of Justice (MoJ).
“In addition, several royal orders have promoted ADR solutions due to their key role in boosting the business environment and encouraging local and foreign investment.”
“The enforcement courts have handled a total of 75,000 arbitration awards and conciliation deeds, with a total value of SAR 7.6 billion. They include 25,000 awards worth SAR 4.7 billion, and 50,000 conciliation deeds worth 2.9 billion.