Dubai Administrative Decision No. 137 of 2025 Сoncerning the Requirements to be met by the Project Company

Director General of the Finance Department,

- Having reviewed Dubai Law No. 5 of 1995 establishing the Finance Department;

- Dubai Law No. 22 of 2015 on the Regulation of Public-Private Partnerships in the Emirate of Dubai, hereinafter referred to as "the Law";

- Dubai Decree No. 20 of 2009 appointing the Director General of the Finance Department,

have decided the following:

Article 1 - Definitions

The words and expressions used in this Decision shall have the meanings assigned to them in the Law.

Article 2 – Project Company Requirements

Without prejudice to the obligations stipulated in the Law and the decisions issued pursuant thereto and the partnership agreement, the project company must meet the following conditions:

1. The terms of the project company's memorandum of association and articles of association shall not conflict with the terms of the partnership agreement and its annexed agreements and the provisions of the Law.

2. The term of the project company shall not be less than the term necessary to fulfil the obligations, terms and conditions stipulated in the ...