The Saudi Ports Authority, MAWANI, has signed an MoU with the Saudi Center for Commercial Arbitration (SCCA) to develop and circulate improved model dispute settlement terms among other things.
The two also agree to create the appropriate environment for the efficient settlement of disputes, especially those related to the import/export business and the governance of contractual relationships through arbitration or mediation, in line with international best practices and providing authority members with appropriate training in the alternative practices for dispute settlement, Saudi media reports said.
According to the MoU, they also agreed upon developing the skills of authority staff and those concerned with the maritime transport and ports sector, conducting seminars and related events for this purpose and knowledge sharing between the two parties through workshops, periodic meetings and educational courses.
The reports said 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.