New company to manage Dubai events

Dubai: The Dubai Government has issued a law establishing an event management agency with a capital of Dh150 million to manage and organise cultural and sports events, exhibitions and conferences in the emirate. His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, yesterday issued the law creating the new body. The law states that the Dubai Event Management Corporation will be a corporate body with financial and administrative independence and full legal competence to achieve its objectives. Owned by the Dubai Government, it will operate under the authority of the Dubai Ruler. The new entity is aimed at enhancing Dubai’s position as an international hub for sports and cultural events, conferences and exhibitions. Shaikh Mohammad also issued a decree appointing Shaikh Ahmad Bin Mohammad Bin Rashid Al Maktoum as chairman of the corporation. WAM