- In the year 2025, the GCC Commercial Arbitration Centre will hold its 8th Annual Conference on Arbitration and Dispute Resolution in Energy, Oil and Gas under the banner of a strategic alliance with the International Conference on Law and Scottish Arbitration Centre.
- The conference aims to raise knowledge of international arbitration in the Arabian Gulf region and discuss legal, geopolitical, economic, and security issues related to oil disputes. It will be held for the first time in a GCC member nation.
- Trade attachés from UK embassies, the Gulf Cooperation Council Chairman of the Board of Directors, members of its Advisory Committee, and professionals in the legal and business domains will be present at the event.
June 2, 2024, Riyadh: The GCC Commercial Arbitration Centre has established a strategic partnership with the Scottish Arbitration Centre and the International Conference on Law in preparation for the 8th Conference on Arbitration and Dispute Resolution in Energy, Oil, and Gas set for 2025. For the first time, the conference will be held in a GCC nation. The statement was made during a reception by the Arab-British Chamber of Commerce (ABCC), which is actively involved in conference organization. Trade attachés from the UK's embassies in the Gulf and Arab nations, as well as the Gulf Cooperation Council's chairman of the board of directors and members of its advisory committee, will be present at the event. The conference will also be attended by professionals in the fields of law and business.
In the opinion of GCCCAC, this cooperation will raise awareness of international arbitration in the region of the Arabian Gulf. It will identify issues and concerns for oil disputes in the Gulf region on a legal, geopolitical, economic, and security level and provide viable solutions. The Secretary-General of the GCCC, Dr. Kamal Al Hamad, has stated that the fact that such a prestigious conference is being held in a Gulf country is an indicator of a marked rise in the number of oil and energy companies in the region and also changes in the price of gas and oil. These factors often result in many rows, which necessitate effective conflict resolution methods. In the opinion of Al Hamad, 43% of all international disputes in the energy industry are resolved through arbitration or dispute resolution.
