Qatar, Australia agree to boost investments

Australia and Qatar are set to increase the level of mutual investments in the respective countries following an agreement signed between Qatar Chamber/Qatar International Center for Conciliation and Arbitration (QICCA) and the Australian Centre for International Commercial Arbitration (ACICA).

The ACICA-Qatar Chamber partnership has been welcomed by multinationals that operate in Qatar at a time when the Gulf State is experiencing rapid development and expansion in preparation for Qatar 2022.

ACICA President and Clayton Utz Head of Major Projects and International Arbitration, Professor Doug Jones, said: “The agreement recognises the demand in the Gulf region to opt for cost effective, legally binding resolution of disputes which may arise in cross border transactions.”

Read more: http://thepeninsulaqatar.com/qatar-business/229856-qatar-australia-agree-to-boost-investments.html