NSW Premier Barry O'Farrell has welcomed the promotion of Australia as a destination for business dispute resolution.
His comments come after a forum was held at the Dubai International Financial Centre (DIFC) on Wednesday to persuade major firms in the Gulf region to use Australia as a neutral venue.
Professor Doug Jones, president of the Australian Centre for International Commercial Arbitration (ACICA) said the country was becoming a popular choice.
"Australia is beginning to attract strong interest from corporations in the Asia Pacific region and beyond who are increasingly looking to avoid the uncertainty of litigation in foreign courts."
The forum came after a memorandum of understanding was signed between DIFC and NSW in May.
"I would like to congratulate ACICA for taking the lead in partnering with the DIFC to promote Sydney and Australia as a neutral venue for arbitration," said Mr O'Farrell.
"What ACICA offers complements our engagement with the DIFC to promote investment opportunities between NSW and the Gulf Cooperation Council (GCC) region among existing and potential investors."
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