Article summary
The Saudi Center for Commercial Arbitration (SCCA) has published its 2024 annual report in the Global Arbitration Review, highlighting a 30% increase in new filings, with arbitration cases rising 59%, from 46 to 73 cases. The report details $304m in total arbitration value, with average resolution time under six months. SCCA implemented new arbitration rules and case management systems while expanding its board with international experts. The centre reports reduced arbitral award annulments following enhanced judicial collaboration, with its court resolving 323 matters since establishment.
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