JEDDAH: FOUZIA KHAN
Published — Wednesday 9 January 2013
Last update 9 January 2013 12:23 am
The Jeddah Chamber of Commerce and Industry (JCCI) signed a contract in the city Monday with the Gulf Cooperation Council (GCC) Commercial Arbitration Center to offer five diploma courses in commercial dispute resolution this year.
At the signing ceremony on Monday, participants also honored Prince Dr. Bandar bin Salman bin Mohammed Al-Saud, adviser to the King and president of the Saudi Arbitration Team, for his appointment as honorary president of the GCC Commercial Arbitration Center.
Also present were Yaseen Khalid Khayyat, president of the GCC Commercial Arbitration Center and president of the Jeddah Lawyer’s Association; Sheikh Saleh Kamel, President of the JCCI; Dr. Saud A. Al-Mishari, assistant secretary general for legal affairs at the Council of Saudi Chambers; Khalid Ali Al-Ameen, board member of the Bahrain Chamber of Commerce and Industry (BCCI); Redha Juma Mohammed Ali Al-Saleh, board member of the Oman Chamber of Commerce and Industry (OCCI).
Adnan bin Husain Mandoura, secretary general of the JCCI, said the new learning center will help resolve business disputes outside the court system, which will save everyone time and money. The courses will be offered to any student, from any specialized field, who wants to become a commercial disputes judge.
Prince Bandar, who established the Saudi Arbitration Team, said Saudi Arabia has many students who are interested in arbitration and the center will prepare them for an “excellent future.”
Prince Bandar said he was optimistic about the future of the GCC organization. “I am very proud of the GCC Commercial Arbitration Center, which I think in future will become an arbitrator at an international level.” He added that his appointment was a huge responsibility and that he was looking forward to the challenge.
Khayyat said it was an honor for the GCC Commercial Arbitration Center to have Prince Bandar as its honorary president. The decision to appoint the prince was taken last year at a meeting of the body in Dubai.
He said he was confident that the body would be strengthened and resolve disputes between business people.
The center’s strategic plan for the three-year period 2011 to 2013 was presented at a meeting in the Eastern Province on Oct. 13, 2010. The center is a regional organization consisting of six states namely the United Arab Emirates, Kingdom of Bahrain, Kingdom of Saudi Arabia, Sultanate of Oman, State of Qatar and State of Kuwait.