Disputes arising between a Contracting Party and an investor of the other Contracting Party regarding an investment pertaining to the latter in the territory of the said Contracting Party, shall be settled as much as possible through amicable means.

Should a settlement not be reached within six months from date of request by either Party to the dispute for amicable settlement, by way of delivering written notice to the other Party, the dispute shall be referred, at the discretion of the investor -party to the dispute- to be solved according to the following:

a. Either according to any appropriate procedures for the settlement of disputes agreed upon in advance; or

b. In accordance with the provisions of Chapter VI, of the Unified Agreement for the Investment of Arab Capitals in the Arab States, for the year 1980; or

c. To international arbitration pursuant to the following paragraphs of this Article.