Saudi Arabia Launches Commercial Courts to Protect Foreign Investors

Published October 16th, 2017 - 12:26 GMT
Saudi Arabia's commercial courts started operating last month in Riyadh, Jeddah and Dammam. (Shutterstock)
Saudi Arabia's commercial courts started operating last month in Riyadh, Jeddah and Dammam. (Shutterstock)

Saudi Arabia's Justice Minister and Chairman of the Supreme Judicial Council Dr. Walid Bin Muhammad Al-Sama’ani officially launched commercial courts on Sunday.

Commercial courts started operating from September 21 this year with the opening of three courts in Riyadh, Jeddah and Dammam.

Al-Sama’ani said the opening of these specialized courts would positively impact the justice system.

He also said the commercial courts would help enhance the business environment, encourage and motivate investment in the Kingdom, and boost economic development in line with the objectives of Saudi Vision 2030.

Al-Sama’ani said the ministry had launched the "paperless court" project, which cut around 45 percent of procedures, and shortened the period for execution of judicial orders from two months to 72 hours only by activating the electronic linking system with related entities.

Al-Sama’ani said the ministry launched another project to save clients’ time, monitor the progress of cases within departments, and discharge judges from 80 percent of administrative work.

Sheikh Dr. Khalid bin Muhammad Al-Yousuf, head of the Board of Grievances, said commercial judiciary was an important contributor necessary for the success of the business environment and the protection of money and rights.

"Economic activity does not stabilize and grow unless there is a fair specialized judiciary. This is why a specialized judiciary has been among the institutional priorities in the Kingdom," he concluded.

The article has been adapted from its original source. 

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