The Saudi Ports Authority (MAWANI) has signed a memorandum of understanding (MoU) with the Saudi Center for Commercial Arbitration (SCCA) in order to establish a framework for providing alternative means of dispute settlements.
According to the statement, “The agreement serves to establish a framework for coordination, provide alternative means for resolving disputes that arise between the various facilities engaged in maritime transport activities and ports, and define a methodology for cooperation between the two parties.”
The MoU plays an important role in achieving the authority’s goals of developing maritime transport and import or export operations, improving the capabilities of member ports, and contributing to the national economy.
Further, it also supports SCCA’s efforts to build national alternative dispute resolution (ADR) capacities by offering ADR services, legal training, and awareness activities, all of which contribute to a safe environment that attracts both international and local investment.
MAWANI and the SCCA also agreed to improve communication and cooperation between the two parties, develop alternative procedures for and facilitate the settlement of commercial disputes, and enhance knowledge of these frameworks among marine transport and port activities.
“This is in addition to 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,” as per the statement.
Recently, MAWANI launched a new direct shipping service connecting the Kingdom to Djibouti in an important development that helps to utilize the significant potential of the country’s ports.
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