Amman, June 11 (Petra) -- The proposed Arbitration Law of 2026 is expected to strengthen the legal and investment landscape through the establishment of a dedicated international arbitration center designed to position the Kingdom as a regional hub for commercial and investment dispute resolution, Minister of Justice Bassam Talhouni said.

The draft legislation, which was recently approved by the Cabinet with its justifications, forms part of broader efforts to modernize the justice sector and align legal frameworks with the objectives of the Economic Modernization Vision.

Talhouni said the law provides for the creation of the Jordan International Arbitration Center as an independent institution with legal personality and financial and administrative autonomy, enabling it to operate according to internationally recognized standards and practices.

The center is expected to provide a specialized institutional framework for handling arbitration cases and resolving commercial and investment disputes in a more efficient and flexible manner.

According to the minister, the initiative will offer investors and businesses alternative dispute resolution mechanisms that can accelerate proceedings and improve the overall efficiency of legal processes.

He noted that the center will rely on qualified Jordanian arbitration professionals and legal experts, helping to strengthen national expertise while delivering services that meet international benchmarks.

Talhouni said the establishment of the center would contribute to enhancing confidence in the investment environment and improving the Kingdom's competitiveness as a destination for regional and international business activity.

The proposed legislation also reflects efforts to keep pace with global developments in international commercial arbitration and to create a modern legal infrastructure capable of responding to the evolving needs of investors.

He added that the presence of a specialized international arbitration center is expected to attract regional and international cases, reinforcing the Kingdom's role as a center for arbitration services and dispute resolution.

The minister emphasized that the Ministry of Justice will continue advancing legislative reforms and introducing modern legal solutions aimed at facilitating business activity and improving access to efficient justice mechanisms.

Talhouni described the project as a strategic addition to the legal and economic framework, with the potential to support investment growth, strengthen investor confidence and enhance the Kingdom's standing within the regional business environment.

//Petra// RZ