Law
No. (5) of 2007
Amending
Law
No. (11) of 2006 Establishing the Investment Corporation of Dubai[1]
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We, Mohammed bin Rashid Al Maktoum, Ruler of Dubai,
After perusal
of:
Law No. (11)
of 2006 Establishing the Investment Corporation of Dubai,
Do
hereby issue this Law.
Article (1)
Article (18)
of Law No. (11) of 2006 Establishing the Investment Corporation of Dubai is
hereby superseded by the following:
Article (18)
1. All rights and obligations of Dubai
Development and Investment Authority are hereby transferred to Tatweer Dubai
LLC.
2. Decree No. (2) of 2002 Establishing the Dubai
Development and Investment Authority is hereby repealed. Any provision in any
other legislation will also be repealed to the extent that it contradicts the
provisions of this Law.
Article (2)
This Law will
be published in the Official Gazette and will come into force on the day on
which it is published.
Mohammed bin Rashid Al Maktoum
Ruler
of Dubai
Issued in Dubai on 25 February 2007
Corresponding to 8 Safar 1428 A.H.
©2015 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.