In line with its strategy of building professional and constructive business relationships with various stakeholders to enhance its role as a leading business arbitration center, Sharjah International Trade Arbitration Center, also known as TAKHEM, participated in the Second International Conference on Business Arbitration (SCCA19) of the Saudi Center for Trade Arbitration: On October 14-15, 2019 "Arbitrary Growth in Realism and Ambition in the Middle East and North Africa" in Riyadh.

TAHKEEM was represented by an official delegation, which included Ahmad Saleh Alekla, director of Tahkim and members of the executive committee: Shaheen Ishaq al-Masmi and These include Mr. Hamad Omar Al-Midfa.

The participation at the Saudi Center for Trade Mediation is part of TAHKEEM's mission to engage in a variety of activities aimed at strengthening regional arbitration and promoting the central role that arbitration plays in resolving business conflicts.

Executive Committee Member Mr. Shaheen Al Mazmi said: We are happy to meet our brothers in the Kingdom of Saudi Arabia at this important conference. We look forward to enhancing the possibility of cooperation and joint action in close bilateral relations that bind our two countries in different fields. We have had the pleasure of reviewing a number of projects and initiatives aimed at implementing the arbitration sector in particular, the business environment and investment in our two countries in general.

Al Masmi appreciates Saudi Arabia's business momentum and changing landscape in accordance with Saudi Vision 2030, where arbitration has been an active contributor to creating an environment conducive to investment.

For his part, TAHKEEM director, Mr. Ahmed Saleh Alechla said: TAHKEEM's participation in such important forums strengthens communication mechanisms with all stakeholders, which aims to discuss the latest developments in terms of mediation, and exchange ideas on issues of common interest, not to mention the integration of bilateral relations with various parties to accelerate the exchange of expertise and knowledge.

At this year's conference, Alechla, the forum brought together numerous delegates from various countries, Including high-level experienced speakers and experts on various aspects of mediation to have in-depth reviews of various technical and special topics and issues that will greatly benefit the audience during conference sessions.

More specifically, the conference addressed a number of topics close to international arbitration in the Middle East: the impact of technological advances in the field of arbitration; Significant potential for mediation in Islamic finance and banking; And international arbitration compensation and damages calculation, he said.

Sharjah International Business Arbitration Center is one of the leading semi-government agencies operating in the arbitration industry in the UAE. Based in Sharjah Emirates, TAHKEEM was established in 2009 under the Emiri Decree No. 9, whose High Sheikh Dr. Sultan bin Mohammed al-Qasimi, a member of the Supreme Council and the ruler of Sharjah.

High accuracy, flexibility and professionalism, as well as a cost effective payment system, is one of TAHKEEM's numerous benefits. Another benefit offered by its envious record center is the award of awards not later than six months from the date of the first arbitration hearing.