We, Mohammed bin Rashid Al Maktoum, Ruler of Dubai,
After perusal of:
Dubai Law No. 11 of 2006 Establishing the Investment Corporation of Dubai and its amendments;
Dubai Law No. 3 of 2020 Concerning the Dubai Multi Commodities Centre (the “Original Law”); and
Dubai Law No. 10 of 2020 Transferring the Ownership of the Dubai Multi Commodities Centre to the Investment Corporation of Dubai,
Do hereby issue this Law.
Article 3, Article 9, Article 18, Article 23, and Article 30 of the Original Law are hereby superseded by the following:
This Law applies to:
1. the Dubai Multi Commodities Centre owned by the ICD as a free zone. The Plans attached to the Original Law specify the location, area, and boundaries of the DMCC;
2. the Dubai Multi Commodities Centre Authority, as a public authority having legal personality, financial and administrative autonomy, and the legal capacity required to undertake all acts and dispositions that ensure the achievement of the DMCC objectives; and
3. any other zone or land plot that beco...