Saudi Arabia ARBITRATION

 Saudi Arabia Arbitration

Saudi Arabia is a Contracting State to the ICSID Convention:

  • Signature: 28 September 1979
  • Deposit of Ratification: 8 May 1980
  • Entry into Force: 7 June 1980
  • On 8 May 1980, Saudi Arabia notified ICSID that it "reserves the right of not submitting all questions pertaining to oil and pertaining to acts of sovereignty to ICSID whether by conciliation or arbitration."
  • Pursuant to Article 54(2) of the ICSID Convention, Saudi Arabia has designated “Court of Grievances” as competent for the recognition and enforcement of ICSID awards.
  • Pursuant to Article 69 of the ICSID Convention, Saudi Arabia enacted the Council of Ministers Resolution No. 372, 15/3/1394 A.H.; Royal Decree No. M/8, 22/3/1394 A.H. to make the Convention effective in their jurisdiction.
  • Pursuant to Article 13(1) of the ICSID Convention Saudi Arabia has made the following panel designations effective until *18 March 1996; **5 May 2008:
    - *Dr. Abdulaziz M. AL-DUKHEIL: President, Consulting Center for Finance and Investment
    - *Mr. Abdul Aziz Rashed Ibrahim AL-RASHED: President, Al-Rashed Certified Public Accountants
    - **Prof. Sherif Omar HASSAN (Dual U.S.A. - Egyptian National): Former Assistant General Counsel, World Bank; Lecturer, Columbia University School of Law

Saudi Arabia is a Contracting State to the New York Convention:

  • Date of Accession: 19 April 1994
  • Entry into Force: 18 July 1994
  • Saudi Arabia will only apply the New York Convention to the recognition and enforcement of awards made in the territory of another contracting state

Saudi Arabia is a not Contracting State to the 1899 Convention for the Pacific Settlement of International Disputes:  

  • Entry into Force: N/A

Saudi Arabia is a Contracting State to the 1907 Convention for the Pacific Settlement of International Disputes:

  • Entry into Force: 20 January 2002 

Saudi Arabia is a United Nations Member State:

  • Date of Admission: 24 October 1945

Official State Name: Kingdom of Saudi Arabia - al-Mamlaka al-ʻArabiyya as-Suʻūdiyya - المملكة العربية السعودية

Official Language: Arabic

Capital: Riyadh

Motto: "لا إله إلا الله , محمد رسول الله " "There is no god but God: Muhammad is the Messenger of God" (Shahada)

Currency: Saudi riyal (SR) (SAR)

Time Zone: AST (UTC+3)

International Calling Code: +966

Internet TLD: .sa, لسعودية

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For more details please check this URL : http://www.saudiarabiaarbitration.com