International Arbitration Agreements as a Source of Legislation and Its Impact on the Saudi Arbitration Law

Abstract

Encouraging and the flow of more foreign Investments in the Saudi Market which have already has a major role in the Global Market Competition in accordance with its true role in the Millions of Muslims' Hearts. It has provided investors with an alternative way to settle their disputes arising during the Execution of International Trade Contracts of its various types and purposes, thus, it has removed the various obstacles to the traffic of International goods & Services which pursued by different countries to contribute in achieving of Development Programs, it has also provided the most important Foreign Investment guarantees (FOREIGN INVESTMENT) both direct and indirect, in the same manner as in all countries of the World attracting such investment. Eventually, I can only offer some recommendations related to such paper, which involves the awareness raising techniques about the importance of Investors to settle their disputes through Arbitration, for example: To ensure that the Arbitration Law is reviewed every period, in order to remove the ambiguity that surrounds certain Regulations, in accordance with Global Trends, and for example: meant to be impartial, independence, and integrity of the Arbitrator. To take care of the training of workers in the Economic Courts in order to be familiar to the concept of the Arbitration and its importance in the investment boom, it role in reducing the burden on the judges, and identifying the types of assistance that they can provide to the Parties to Arbitral Cases.

Keywords: International Arbitration Agreements, Legislation, foreign Investments, Investment guarantees, Arbitral Cases