Decree No. (3) of 2006
Amending Decree No. (5) of 1991
Concerning the Dubai Ports Authority [1]
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We, Mohammed bin Rashid Al Maktoum,
Ruler of Dubai,
After perusal of:
Decree No. (1) of
1990 Establishing the Port Rashid Authority as amended by Decree No. (5) of 1991; and
Decree No. (4) of
1991 Concerning the Port Rashid Authority,
Do hereby issue this
Decree.
The following words
and expressions, wherever mentioned in this Decree, will have the meaning
indicated opposite each of them unless the context implies otherwise:
|
DPA: |
The
Dubai Ports Authority. |
|
Ports: |
The
Jebel Ali Port, Port Rashid, and Al Hamriya Port. |
The DPA may assign
one or more legal persons (the “Operator(s)”) to manage and
perform all or part of the
operations in the Ports, including capital preservation and development. The DPA may enter
into any contractual arrangements required for this purpose.
The DPA will not be
liable for any debts or obligations claimed from any Operator(s) or from any
other party.
The PDA will have
the powers to:
1. develop and maintain the infrastructure
and the superstructure of the Ports;
2.
issue
the regulations required for the
management and operations of the Ports;
3.
regulate the business and activities
authorised in the Ports;
4.
establish offices and appoint
representatives within and outside of the UAE for the purpose of promoting the
Ports;
5.
provide all types of services to the
users of the Ports; and charge and collect fees for these services;
6.
cooperate and
coordinate with other entities within or outside of the UAE, and conclude agreements
with these entities;
7.
establish companies wholly-owned by
the DPA or hold shares in existing partnerships or in those under
incorporation;
8.
finance its projects or those of any
of its affiliates
through any financing options, including through borrowing or providing
guarantees, through issuing bonds and shares to the public, through issuing
Islamic bonds (sukuk) or Islamic partnership bonds (Musharaka
sukuk) ,
or through trading in any other financial instruments issued by any source it
deems appropriate; and list such instruments in financial markets. For this purpose,
the DPA may provide, or authorise its affiliates or subsidiaries to
provide, any financial security, concession, or guarantee or create any
mortgage/ pledge to obtain such finance;
9.
purchase, own, sell, and lease out
land, real property, and any other property;
10. sell
and lease out land on behalf of the Government; and
11. exercise,
whether by itself or through another party, any other powers it deems necessary
to manage its business.
This Decree comes
into force on the day on which it is issued, and will be published in the
Official Gazette.
Mohammed
bin Rashid Al Maktoum
Ruler of Dubai
Issued in Dubai on 2 March 2006
Corresponding to 2 Safar 1427 A.H.
©2020 The Supreme Legislation Committee in the
Emirate of Dubai
[1]Every effort has been made to produce an
accurate and complete English version of this legislation. However, for the
purpose of its interpretation and application, reference must be made to the
original Arabic text. In case of conflict, the Arabic text will prevail.