A delegation from the Qatar International Court headed by Faisal bin Rashid al-Sahouti visited the International Centre for Settlement of Investment Disputes (ICSID), a member of the World Bank Group, during which he met with its secretary general Meg Kenner.
The two parties discussed the organisation of joint events and the benefit of experiences, practices and applications for each side, especially in the technological fields. The meeting also discussed the most important challenges and investment difficulties faced by Qatari citizens during the blockade on Qatar.
A delegation from the Qatar International Court also participated in the official delegation of the State of Qatar to attend the meetings of the States members of the Washington Convention, which discuss the proposed amendments to the Rules of Procedure of the centre.
International Court of Qatar (ICC) chief executive officer Faisal bin Rashid al-Sahouti also met with the head of the World Bank’s ‘Doing Business Annual Report’, which is designed to measure the competitiveness of the commercial and investment environment of each country according to various commercial, investment, legal and judicial frameworks.
During the meeting, al-Sahouti reviewed the vital and important role played by the Qatar Financial Centre (QFC) by providing a global business environment that in recent years has attracted many investors and international companies.
He also noted the important role played by the Qatar International Court in protecting the rights and property of investors, as well as the important role of the court to promote and uphold the rule of law.
World Bank officials have valued Qatar’s success in rising to the top of the ‘Doing Business’ report in many sectors in recent years.
In addition, it was highlighted that to improve Qatar’s advanced positions in the enforcement of contracts and the development of mechanisms of judicial procedures required to shorten the length of litigation, which will have a positive impact in attracting more foreign investments to the State and to instill more confidence among investors.
Al-Sahouti also stressed that “Qatar attaches great importance to the continuous development of judicial proceedings and enforcements.”
Al-Sahouti (centre) in Washington recently.
