The Digital Cooperation Organization (DCO) has signed a Memorandum of Understanding (MoU) with the GCC Commercial Arbitration Centre (GCCCAC).
The agreement aims to resolve disputes and to promote a fair, inclusive, and well-regulated digital economy across borders. Deemah AlYahya, Secretary-General of DCO, and Dr. Kamal Al Hamad, Secretary-General of the GCC Commercial Arbitration Centre, signed the MoU.
By integrating a reliable and impartial arbitration mechanism, the organization aims to have an independent entity to improve transparency with its member states and partners, enhance digital inclusion and cross-border collaboration, and drive growth in global digital economy.
Dr. Kamal Al Hamad Secretary-General – GCC Commercial Arbitration Centre
“Given the significant inflation in economic projects in the Arab world, aligned with the needs of both local and global markets, resolving legal and commercial disputes requires adopting modern methods. This can be achieved by using flexible arbitration rules characterized by high speed in dispute resolution while customizing the arbitration process rules in accordance with best practices in digital transformation. This contributes to achieving the best economic, investment, and commercial returns among member states, in line with the objectives of sustainable development.”
AlYahya stated that arbitration centers play a crucial role in supporting DCO’s mission, by ensuring effective governance, dispute resolution, and operational efficiency globally. AlYahya also added that the collaboration with GCCCAC will help the organization promote a fair, inclusive, and well-regulated digital economy across borders through a reliable and stable legal framework.
DCO collaboration with GCCCAC falls in line with the organization’s commitment to connect with stakeholders as it paces toward its mission to create a world where every nation, business, and person has a fair opportunity to succeed in the digital economy.
Digital Cooperation Organization, founded in 2020, is the world’s first standalone international organization that focuses on the digital economy.
