Administrative Resolution No. (137) of 2025

— Concerning the Requirements Applicable to Project Companies

The Director General of the Department of Finance,

After perusal of:

• Law No. (5) of 1995 Establishing the Department of Finance;
• Law No. (22) of 2015 Regulating Partnership between the Public Sector and the Private Sector in the Emirate of Dubai (the “Law"); and
• Decree No. (20) of 2009 Appointing the Director General of the Department of Finance,

Does hereby issue this Resolution.

— Definitions

Article (1)

The words and expressions mentioned in this Resolution have the same meaning assigned to them in the Law.

— Requirements Applicable to Project Companies

Article (2)

Without prejudice to the obligations stipulated in the Law, the resolutions issued in pursuance thereof, and the terms of the Partnership Contract, a Project Company must:

1. ensure that its memorandum of association and articles of association are consistent with the terms of the Partnership Contract, any agreements attached thereto, and the provisions of the Law;
2. ensure that its term is not shorter than the period required to perform the obligations and fulfil the requirements prescribed under the Partnership Contract;
3. adopt a risk management system that ensures business continuity and the performance of its obligations under the Partnership Contract;
4. maintain the financial solvency necessary for performance of its obligations under the Partnership Contract; and
5. comply with any other requirements prescribed by the Government Entity as warranted by the nature of the Project.

— Commencement and Publication

Article (3)

This Resolution comes into force on the day on which it is issued, and will be published in the Official Gazette.

Abdulrahman Saleh Al Saleh Director General Department of Finance

Issued in Dubai on 28 November 2025 Corresponding to 7 Jumada al-Thaniyah 1447 A.H.