The first international commercial arbitration conference in Saudi Arabia highlighted institutional arbitration and its impact on economic transformation, and ways to create a suitable environment for foreign investment through an attractive judicial platform in the presence of government officials and more than 50 local and international speakers in the field of arbitration.

This came during the conference organized by the Saudi Center for Commercial Arbitration in partnership with the American Arbitration Association (AAA). This came during the conference organized by the Saudi Center for Commercial Arbitration in partnership with the American Arbitration Association (AAA), which was held under the title “Institutional Arbitration - its importance and impact on economic transformation and investment promotion.” The speakers stressed the importance of arbitration, which is characterized by subsidizing the judicial facility, speed, confidentiality, consideration of the choice of parties and flexibility of procedures. They pointed out that in 1985 the number of arbitration institutions did not exceed 43, while today they cannot be counted, explaining that commercial arbitration contributes to the speed of completion and adjudication of disputes.
Sheikh Dr. Walid Al-Samaani, Minister of Justice and President of the Supreme Judicial Council, said that the expansion of arbitration, especially commercial arbitration, contributes to the speedy resolution of disputes and raise quality, stressing that it is a supportive means of dispute resolution alongside the judiciary.