Casablanca, Morocco – A governmental experts team affiliated to Jeddah-based Organization of Islamic Cooperation launched an initiative here on Monday to establish a permanent mechanism to settle investment disputes that might emerge among member states.
The OIC, a 57 member body, has been working on a mechanism for the investment dispute redressal among member states for years now.
The four-day meeting which comes as implementation of the 48th ministerial meeting held in Islamabad, Pakistan, in March 2022, is set to establish the permanent mechanism to encourage, protect and guarantee investment of member states.
The OIC claims to be a “collective voice of the Muslim world.”