Regulation No. 6 of 2001 on the development and management of the Aqaba Exclusive Economic Zone.
Country
Type of law
Regulation
Abstract
This Regulation is composed of 7 articles. Articles 1 and 2 deal with terms and definitions. Article 3 specifies competencies and duties of the Board of Commissioners in contracting with Developing Entity of the zone and the right to stipulate provisions in the contract. Article 4 defines the following obligations of the Developing Entity: (a) to commence the work in the zone; (b) to implement the development according a plan approved by the Board of Commissioners; (c) to take into account the zoning of lands and buildings approved by the Board; (d) to not sell any property except for purposes provided for in Law No. 44; (e) to not lease any property in whole or in part except for purposes of establishing investment projects; (f) to promote the zone in coordination and collaboration with the Board and Relevant Entities; and (g) to comply with the enacted legislation in the zone. Article 5 entrusts the Devoloping Entity with the following acts: (a) to lay down plans for the development of the Zone; (b) to borrow from domestic and foreign sources to finance investments in the Zone; (c) to contract with experts, consultants, contractors and sub-contractors to implement the development; (d) to own and sell any real property in the Zone; and (e) to conduct any economic activity in the Zone. Article 6 defines measures and arrangements to be taken by the Board for monitoring the Developing Entity in the Zone. Article 7 entrusts the Board to issue all instructions and directives necessary for the implementation of this Regulation.
Attached files
Web site
Date of text
Entry into force notes
This Regulation enters into force on the date of its publication in the Official Gazette.
Repealed
No
Source language
English
Legislation Amendment
No
Original title
نظام رقم (6) لسنة 2001م لتنمية وادارة منطقة العقبة الاقتصادية الخاصة الصادر بمقتضى الفقرة (أ) والمادة (17) والمادة (56) من قانون منطقة العقبة الاقتصادية الخاصة رقم (32) لسنة 2000