Law No. (24) of 2015
Transferring the
Ownership of the Dubai Aviation Corporation to 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
and its amendments; and
Law No. (11) of 2008 Establishing the Dubai Aviation Corporation,
Do hereby
issue this Law.
Effective as of the date on which this Law comes into
force, the ownership of the Dubai Aviation Corporation and all of its rights
and obligations are hereby transferred from the Government of Dubai to the Investment
Corporation of Dubai.
This Law 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 10 August 2015
Corresponding to 25 Shawwal 1436 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.