Sharjah 24 – WAM: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, and Deputy Prime Minister and Minister of Finance, reviewed the results of Dubai International Arbitration Centre’s 2022 Annual Report.
The Centre, the largest alternative dispute resolution centre in the Middle East, has reached a significant milestone in its transformative journey under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. The report highlights the Centre's growth in total cases, which has reinforced its leadership in the field of dispute resolution.
Sheikh Maktoum stated, “The remarkable achievements recorded by the Dubai International Arbitration Centre in 2022 embody the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum in consolidating Dubai's position as a leading global centre for resolving disputes through alternate means. The Centre's outstanding results boost its efforts to strengthen its status as one of the top five global alternate dispute resolution centres over the next four years, supporting the goals of the Dubai Economic Agenda D33."
He further emphasised that the Centre's expanding business and its competence in handling various cases reinforce Dubai's status as a preferred destination for international companies and investors worldwide. This growth also indicates the business community’s increased recognition of the importance of arbitration and alternative dispute resolution methods among the business community.
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