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2018
HOCHTIEF v. Saudi Arabia HOCHTIEF Infrastructure GmbH v. Kingdom of Saudi Arabia (ICSID Case No. ARB/18/14)
Nationality of the parties
Saudi Arabia
Germany
Summary of matters at issue
55% shareholding in a joint venture that had been granted a contract to redesign, upgrade and expand two terminals at the King Khaled International Airport in Riyadh.
Claims arising out of the Government’s cancellation of a contract to expand the airport in Riyadh, and the subsequent reassignment of the project to a different joint venture.
Economic sector and subsector
Tertiary: F - Construction
41 - Construction of buildings
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Data not available
Status/Outcome of original proceedings
Pending
Decisions rendered
None
Amount of compensation
Data not available
Data not available
IIA breaches alleged/found
Data not available
Pending
Follow-on proceedings
None
Link to Italaw's case page