G.C.C Commercial Arbitration Centre

Their Majesties and Highnesses GCC leaders (GCC Supreme Council) approved the establishment of the GCC Commercial Arbitration Centre and the Centre's Constitution at the 14th Summit Conference held in Riyadh between 20-22nd December, 1993 (7-9th Rajab, 1414 Hijra). They adopted this decision following the review of the GCC Secretariat's memorandum concerning the proposed Centre and the recommendation of the GCC Commercial Co-operation Committee's 19th meeting held in Abu Dhabi in September, 1993. The move also received the blessings of the GCC Justice Ministers at their 5th meeting held in September, 1993 and the recommendation of the GCC Financial & Economic Co-operation Committee and the Ministerial Council at its 49th Session (Preparatory Session).