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Resolution of the GCC Supreme Council
At its 14th Session
Riyadh, Saudi Arabia
7-9th Rajab, 1414 Hijra
Corresponding to 20-22nd December, 1993 AD
The GCC Supreme Council held its 14th Session in the Kingdom of Saudi Arabia during the period between 7 -9th Rajab, 1414 Hijra corresponding to 20-22nd December, 1993 AD under the Chairmanship of the Custodian of the Two Holy Mosques King Fahad bin Abdul Aziz Al Saud, King of Saudi Arabia in the presence of their Majesties and Highnesses:

His Highness Shaikh Zayed bin Sultan Al Nehayan, President of the United Arab Emirates

His Highness Shaikh Isa bin Salman Al Khalifa, Amir of the State of Bahrain

His Majesty Sultan Qaboos bin Saeed, Sultan of Oman

His Highness Shaikh Khalifa bin Hamad Al Thani, Amir of the State of Qatar

His Highness Shaikh Jaber Al Ahmed Al Jaber Al Sabah, Amir of the State of Kuwait.

Their Majesties and Highnesses reviewed the regional, pan-Arab and international developments and discussed the memoranda and recommendations referred by the Ministerial Council at its 49th (Preparatory) Session for the Fourteenth Session of the Supreme Council and decided the following:
Fourth: GCC Commercial Arbitration Centre:
The Supreme Council reviewed the memorandum of the General Secretariat concerning the GCC Commercial Arbitration Centre Project and the recommendation of the Trade Co-operation Committee at its 19th meeting held in Abdu Dhabi in September, 1993 concerning this subject. The Council also reviewed the Justice Ministers' decision approving the establishment of the Centre during their 15th meeting held in September, 1993 and the recommendations of the Financial and Economic Co-operation Committee and the Ministerial Council at its 49th (Preparatory) Session concerning this subject, hence the Supreme Council decides:

"Approving the establishment of the GCC Commercial Arbitration Centre and the Centre's Regulation according to the attached version (Attachment No.2). The Board of the Federation of the GCC Chambers of Commerce should decide the location of the Centre's headquarters."
At its 14th Session
Riyadh, Saudi Arabia
7-9th Rajab, 1414 Hijra
Corresponding to 20-22nd December, 1993 AD
The GCC Supreme Council held its 14th Session in the Kingdom of Saudi Arabia during the period between 7 -9th Rajab, 1414 Hijra corresponding to 20-22nd December, 1993 AD under the Chairmanship of the Custodian of the Two Holy Mosques King Fahad bin Abdul Aziz Al Saud, King of Saudi Arabia in the presence of their Majesties and Highnesses:

His Highness Shaikh Zayed bin Sultan Al Nehayan, President of the United Arab Emirates

His Highness Shaikh Isa bin Salman Al Khalifa, Amir of the State of Bahrain

His Majesty Sultan Qaboos bin Saeed, Sultan of Oman

His Highness Shaikh Khalifa bin Hamad Al Thani, Amir of the State of Qatar

His Highness Shaikh Jaber Al Ahmed Al Jaber Al Sabah, Amir of the State of Kuwait.

Their Majesties and Highnesses reviewed the regional, pan-Arab and international developments and discussed the memoranda and recommendations referred by the Ministerial Council at its 49th (Preparatory) Session for the Fourteenth Session of the Supreme Council and decided the following:
Fourth: GCC Commercial Arbitration Centre:
The Supreme Council reviewed the memorandum of the General Secretariat concerning the GCC Commercial Arbitration Centre Project and the recommendation of the Trade Co-operation Committee at its 19th meeting held in Abdu Dhabi in September, 1993 concerning this subject. The Council also reviewed the Justice Ministers' decision approving the establishment of the Centre during their 15th meeting held in September, 1993 and the recommendations of the Financial and Economic Co-operation Committee and the Ministerial Council at its 49th (Preparatory) Session concerning this subject, hence the Supreme Council decides:

"Approving the establishment of the GCC Commercial Arbitration Centre and the Centre's Regulation according to the attached version (Attachment No.2). The Board of the Federation of the GCC Chambers of Commerce should decide the location of the Centre's headquarters."