The Resurgence of the Unified Arab Investment Agreement and the Organisation for Islamic Cooperation Investment Agreement

Abstract

Abstract Multilateral investment treaties (MIT s) are international legal instruments whose purpose is to, inter alia, facilitate social and economic cooperation on regional and/or global scales. While there is abundant literature and decisions on MIT s generally, there has been scant analysis of such instruments executed in the Arab and Muslim-majority worlds. This book discusses two such instruments: the Unified Agreement for the Investment of Arab Capital in the Arab States and the Organisation of Islamic Cooperation Agreement for Promotion, Protection and Guarantee of Investments Among Member States. These investment agreements are among the oldest MIT s in the modern world. The UAA was approved at the 11th Arab Summit Conference held in Amman, Jordan, in November 1980. The OIC Agreement was opened for signature on June 1–5, 1981 and entered into force on February 25, 1988. It is only recently, however, that these two long-dormant treaties have acquired special significance. This book provides a comprehensive, critical review of these two treaties that remain to be fully tested and utilized.