ENHANCING ARBITRATION EFFICIENCY THROUGH TECHNOLOGICAL INTEGRATION IN SAUDI ARABIA

Abstract

Over the years, Saudi Arabia has made significant investments to grow alternative means of its economy to help reduce its over-reliance on oil and gas, which has been a core growth driver. One of the key investments has been improving the judicial services, particularly concerning business dispute resolutions. This paper explores how Saudia Arabia has implemented various arbitration technologies to enhance investment opportunities and economic growth. They have established a framework focused on resolving commercial disputes efficiently, aiming to improve the business environment and attract domestic and foreign investors. The study examines the potential impact of technologies on legal certainty, investor confidence, and overall economic development. Considering Saudi Arabia's legal and financial landscape, it also looks at the challenges and opportunities of implementing specialised arbitration technologies. The study highlighted that the Saudi government had made significant investments and created an efficient framework to ensure the success of arbitration processes in the country. The use of technology and investment in technology has been compared to countries such as Brazil and the United Kingdom (UK). It has also been highlighted that these technologies are generally accepted, but there are still doubts about the level of training required to meet international standards. The findings contribute to the ongoing discussion about judicial reforms and economic diversification in the Kingdom.