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QICDRC’s expanded jurisdiction to include QFZ comes into effect

QICDRC’s expanded jurisdiction to include QFZ comes into effect

Tribune news network
Doha
The expansion of the Qatar International Court and Dispute Resolution Centre (QICDRC) jurisdiction to include disputes within Qatar Free Zones as regulated by the Qatar Free Zones Authority, as well as relevant entities and individuals, came into effect on October 13, 2021, QICDRC said in a statement on Wednesday.
It follows last month’s issuance of Law No. 15 of 2021 on the jurisdictional expansion, effectively broadening the Court’s contribution to international justice and the creation of an attractive commercial, financial, and business ecosystem in Qatar for investors and foreign direct investment.
HE Ahmad al Sayed, Minister of State and Chairman of QFZA, said, “This jurisdictional expansion comes at an ideal time, as the number of companies registered in the free zones is continuing to grow steadily and within a short period since the authority’s establishment, creating a network of companies from around the world. QFZA has regulations in place covering all our investors’ diverse needs, and QICDRC will play a key role in further enhancing the legal framework offered to companies operating with us.
“The expansion is also testament to the continued investment and ongoing growth witnessed in Qatar Free Zones. With support from QICDRC, we look forward to welcoming companies of all sizes to explore all that Qatar and the free zones have to offer.” he added.
QICDRC CEO Faisal al Sahouti, said, “The expansion has solidified the QICDRC’s active role in Qatar’s economic growth and foreign direct investment. Qatar Free Zones will play the role of a strategic gateway to the Middle East region through several key sectors, including logistics, technology, advanced mobility, maritime, in addition to manufacturing and other fields, through its pioneering logistics services that ensure the continuity of global trade and investment.
“We are proud to provide our services to all the entities and individuals working under QFZA’s umbrella.”

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