Secretary-General of the Qatar International Centre for Conciliation and Arbitration (QICCA) of Qatar Chamber Ibrahim Shahbik has stated that the centre made significant achievements last year. He emphasized its vital role in promoting the arbitration within the Qatari legal and business community since its establishment in 2006. Shahbik said that the commercial arbitration is one of the most effective Alternative Dispute Resolution.
Elaborating on QICCA’s accomplishments in 2023, Shahbik noted that the value of cases received by the Centre last year amounted to approximately QR3 billion, and that the most cases registered by the centre related to construction and contracting contracts. He said that an arbitral awards for nearly 35 percent of the total number of cases were rendered last year, while nearly 40 percent of those cases are not yet finalized.
He pointed out that Qatari arbitrators presented more than 50 percent of those appointed to hear arbitration proceedings in 2023. (TNN) page 7
