The Saudi Ports Authority, Mawani, has signed a memorandum of understanding (MoU) with the Saudi Center for Commercial Arbitration (SCCA) in what is considered a “transformational step for Saudi ports.” The agreement aims to establish a framework for coordination, providing an alternative means for settling disputes that arise between various stakeholders engaged in maritime transport activities and ports.
Key goals of the partnership are to increase investor trust in the Kingdom’s ports and logistics sector, facilitate trade and simplify the process of settling any disputes.
The two organisations aim is to work together to raise awareness of the arbitration and mediation services that are available and provide technical support to enable disputes to be settled quickly and efficiently. According to guidelines set out in the MoU, the two parties will develop and circulate improved model dispute settlement terms and create an “appropriate environment” for the efficient settlement of disputes, especially those related to the import/export business. Knowledge sharing through workshops, periodic meetings and educational courses is also planned.