DEVELOPMENT OF A COMMERCIAL ARBITRATION HUB IN THE MIDDLE EAST: CASE STUDY - THE STATE OF QATAR
By Aida Maita
The ever increasing demands by investment parties for access to international commercial arbitration have created a robust competitive market which has propelled this area of legal practice into a Golden Age. As a consequence, many countries and cities around the globe, desiring to capture a slice of this burgeoning market, have been competing to encourage investing parties to choose their jurisdictions as arbitration venues. As investment in the Middle East continues to increase, it is conceivable that there will be a strong impetus for an arbitration hub in the region. Egypt, Bahrain, Dubai and Qatar are widely recognized for leading that effort in the region. This book provides a detailed study of the prospects of these four jurisdictions as they set their sights on developing as an arbitration hub that is capable of competing at the international level. In parallel, this book summarizes the status of international arbitration practice in this region and options available for foreign parties, while highlighting risks and challenges that may confront investors doing business in the region. This book puts forth in clear and concise terms, the effort to make the study more comprehensive by including non-legal, political and socio economic factors that could influence investors' decisions when selecting a place to arbitrate their disputes in the Middle East region.