Law No. (28) of 2007
Establishing the
Dubai Economic Council[1]
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We, Mohammed bin Rashid Al Maktoum, Ruler of
Dubai,
After perusal of Law No. (7) of 2003 Establishing
the Economic Affairs Council of the Emirate of Dubai,
Do hereby issue this Law.
This Law will be cited as “Law No. (28) of 2007
Establishing the Dubai Economic Council”.
The following words and expressions will have the
meaning indicated opposite each of them unless the context implies otherwise:
|
Ruler: |
His Highness the Ruler
of Dubai. |
|
Government: |
The Government of Dubai. |
|
Emirate: |
The Emirate of Dubai |
|
DEC: |
The Dubai Economic
Council. |
|
Executive Committee: |
The executive committee
of the DEC. |
|
Secretary General: |
The secretary general of
the DEC. |
|
Department: |
A Government department,
including any public agency or corporation affiliated to the Government. |
Pursuant to this Law, an advisory council for
economic affairs named the “Dubai Economic Council” is established.
The DEC aims to:
1.
boost the role of the private sector in the
economic development of the Emirate by discussing economic policies and plans
and providing the necessary consultation in this respect;
2.
improve national economic performance, develop the
business climate, and increase productivity;
3.
gain the confidence of the business community and
support the local business environment in the long run; and
4.
enhance the competitive edge of the Dubai economy
in the global markets.
For the purpose of achieving its objectives, the
DEC will have the duties and powers to:
1.
contribute to formulating economic policies and
plans by providing advice to the Government concerning macroeconomics;
2.
mobilise the support of business leaders and
Department officials as required for sound economic policies;
3.
adopt and support initiatives with positive impact
on the economic policies of the Emirate;
4.
contribute to development of the legislation
required to provide for a competitive business environment and to promote an
atmosphere that encourages investment, work, leadership, initiative, and
innovation;
5.
contribute to the development of approaches and
proposals that enable UAE nationals to access the job market, including those
related to training, development, and qualification requirements;
6.
coordinate with Departments, the public
corporations affiliated to the Government, and other concerned local entities
with regard to initiatives and proposals to develop the economy of the Emirate;
7.
contribute to raising awareness of the business
community by disclosing best practices in corporate management and global trends
in the business world; and
8.
discuss any ideas or projects referred to the DEC
by the Government, Executive Council, or federal ministries and bodies.
The DEC will be formed of at least thirty-five
(35) members including representatives from certain Government Departments,
authorities, and corporations concerned with economic affairs.
The Ruler will, pursuant to a decree he issues,
appoint, dismiss, and accept resignations of the chairman and members of the
DEC.
A member of the DEC must:
1.
be a UAE national permanently residing in the
Emirate;
2.
have civil capacity, be of good conduct and
repute, and not have been sentenced for a crime affecting honour, unless he has
been rehabilitated or pardoned in accordance with the law; and
3.
not be less than twenty-five (25) years of age.
Membership of the DEC will be for a term of three
(3) years, commencing from the date on which the decree appointing the members
is issued. Members whose membership expires may be reappointed for an
indefinite number of times.
Where a DEC member resigns or his office becomes
vacant during his tenure for any reason whatsoever, a substitute will be
appointed pursuant to a resolution of the Ruler within three (3) months from
the date on which the DEC announces the resignation or the vacancy. The new
member will complete the term of the previous member.
The DEC will hold at least four (4) meetings in a
year and may hold extraordinary meetings whose rules and conditions will be
determined in the internal bylaw of the DEC.
The chairman of the DEC will determine the date
and agenda of meetings upon the recommendation of the Executive Committee
referred to in Article (14) of this Law. The Secretariat General of the DEC
will send out meeting invitations and agendas to members of the DEC at least
one (1) week prior to the meeting.
1.
The DEC will have a vice chairman elected by DEC
members at the first meeting of his tenure. The vice chairman will act as
chairman during his absence.
2.
The vice chairman will be appointed in accordance
with the procedure prescribed in the internal bylaw of the DEC.
1.
The DEC will form from amongst its members a
committee named the “Executive Committee”. The Executive Committee will be
comprised of seven (7) members who will appoint a chairman from amongst
themselves in accordance with the procedure prescribed in the internal bylaw of
the DEC.
2.
The internal bylaw of the DEC will determine the
functions and duties of the Executive Committee.
The DEC will have a Secretary General nominated by
the chairman of the DEC and appointed pursuant to a resolution of the Ruler.
The Secretary General will be assisted by a number of employees whose employment
terms and functions will be determined under the internal bylaw of the DEC.
Meetings of the DEC will be held in camera
and will be attended by the Secretary General and the employees in charge of
recording minutes of meetings. Such employees will not have the right to vote.
Ordinary DEC meetings will be deemed valid if
attended by the majority of its members. DEC recommendations will be passed by
majority vote of attending members. In case of a tie, the chair of the meeting
will have a casting vote.
The DEC may discuss any issue related to the
economic affairs of the Emirate in the presence of the director of the
Department involved in the discussion. The DEC may submit its recommendations
in respect of the discussed issues to the Ruler or to the Chairman of the
Executive Council.
The DEC will set its internal bylaw.
The financial resources of the DEC will consist
of:
1.
the support allocated to the DEC in the general
budget of the Emirate; and
2.
any other resources approved by the DEC.
The rights, liabilities, obligations, and
employees of the Economic Affairs Council of the Emirate of Dubai will be
transferred to the DEC on the day on which this Law comes into force, without
prejudice to the employees’ existing rights.
Law No. (7) of 2003 Establishing the Economic
Affairs Council of the Emirate of Dubai is hereby repealed. Any provision in
any other legislation will also be repealed to the extent that it contradicts
the provisions of this Law.
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 10
December 2007
Corresponding
to 30 Thu al-Qidah 1428 A.H.
©2019 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.