Jordan ratified the updated International Commercial Arbitration Convention as part of efforts to improve the business environment and attract foreign investment, cementing Amman's role as a regional arbitration hub.

Significance

  • Easier enforcement of foreign arbitration awards in Jordan and vice versa.
  • Stronger legal guarantees for foreign investors in dispute resolution.
  • Reduced time and cost for resolving international commercial disputes.
  • Strengthens the role of the Amman International Arbitration Centre.