Arab News, Monday, Jan 03, 2022 | Jumada Al-Uola 28, 1443
Saudi Ports Authority signs deal with SCCA
Saudi Arabia:
The Saudi Ports Authority, MAWANI, announced the
signing of a memorandum of understanding with the Saudi Center for Commercial
Arbitration on Sunday.
Considered a transformational step for Saudi
ports, the agreement serves to establish a framework for coordination, provide
alternative means for settling disputes that arise between the various
facilities engaged in maritime transport activities and ports, and define a
methodology for cooperation between the two parties.
The agreement plays an essential role in achieving
the authority’s objectives of developing maritime transport and import/export
operations, enhancing the capabilities of member ports, and contributing to the
national economy.
It also contributes to SCCA’s endeavor to develop
national ADR capacities by providing ADR services, legal training, and awareness
events leading towards creating a safe environment that attracts both foreign
and domestic investment to the Kingdom.
MAWANI and the SCCA agreed to strengthen
communication and cooperation, develop alternative practices for and facilitate
the settlement of commercial disputes, and raise awareness of these frameworks
among establishments engaged in maritime transport and port activities.