Law setting up a body for organisation of events
Vice President, Prime Minister of UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum, issued in his capacity as a ruler of Dubai, a law setting up the Foundation for Management and Organisation of Events, at capital AED150 million.
Sheikh Mohammed also issued two decrees appointing HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, as a chairman of the foundation and Saeed Hussein as chief executive. The two decrees become effective from the date of publishing.
The new body will be autonomous in regard to finance and administration. It aims at boosting position of Dubai emirate as a centre for conferences, exhibitions, sports and cultural sessions. The foundation will exclusively represent the emirate in signing agreements with international sports organistations with exception of football and equestrian. It will also set policies and specifications in regard to sports, cultural sessions, as well as conferences and exhibitions within its jurisdiction.
As per this law, the foundation will woo international companies, organisations, agencies, clubs, conferences and exhibitions to invest in Dubai. It will also sponsor human resources in the cultural and sports fields. The foundation will contribute in development of cultural and sports sessions in the emirate through attracting the best world-class experiences and international specifications and standards.
According to article 9, the foundation will be headed by a chairman to be appointed by a decree from Dubai ruler.
The new law annuls decree number 2 of year 1989, which set up Dubai Golf Foundation, Dubai Creek Golf and Emirates Golf Association. Hence, all the agreements and obligations of these annulled bodies will be referred to the new foundation. The employees of these bodies will be referred to the new foundation with all their acquired rights. (WAM)
Sheikh Mohammed also issued two decrees appointing HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, as a chairman of the foundation and Saeed Hussein as chief executive. The two decrees become effective from the date of publishing.
The new body will be autonomous in regard to finance and administration. It aims at boosting position of Dubai emirate as a centre for conferences, exhibitions, sports and cultural sessions. The foundation will exclusively represent the emirate in signing agreements with international sports organistations with exception of football and equestrian. It will also set policies and specifications in regard to sports, cultural sessions, as well as conferences and exhibitions within its jurisdiction.
As per this law, the foundation will woo international companies, organisations, agencies, clubs, conferences and exhibitions to invest in Dubai. It will also sponsor human resources in the cultural and sports fields. The foundation will contribute in development of cultural and sports sessions in the emirate through attracting the best world-class experiences and international specifications and standards.
According to article 9, the foundation will be headed by a chairman to be appointed by a decree from Dubai ruler.
The new law annuls decree number 2 of year 1989, which set up Dubai Golf Foundation, Dubai Creek Golf and Emirates Golf Association. Hence, all the agreements and obligations of these annulled bodies will be referred to the new foundation. The employees of these bodies will be referred to the new foundation with all their acquired rights. (WAM)
No comments:
Post a Comment