His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE, and Ruler of Dubai, has issued a law on Dubai Ports Authority and affiliated Drydocks World-Dubai to the Authority.
The Law No. (4) of 2023 seeks to advance the Dubai Ports Authority’s position as a leading global model in port operation, management, and terminal handling. It aims to offer efficient operational services while regulating and developing the port sector in Dubai in accordance with strategic plans and policies.
Additionally, the law strives to strengthen Dubai’s status as an international hub for maritime trade, facilitating the import, export, and re-export of goods through the emirate’s ports. It also aims to create an attractive investment climate for sea freight and shipping logistics, promote the maritime sector, and encourage investment in maritime industries and services.
The law applies to the Dubai Ports Authority and outlines its responsibilities, which include strategic planning and policy development for overseeing the seaports and terminals in Dubai, regulating their operations, and developing and managing port infrastructure, among other things.
The law also designates the Authority to identify and regulate the businesses, activities, and professions authorized to operate in ports and terminals, among other responsibilities.
It also defines the organizational structure of the Dubai Ports Authority, including the roles and responsibilities of the Chairman of the Ports, Customs and Free Zone Corporation, the executive team of the Authority, and the mechanism for appointing the CEO of the Dubai Ports Authority and delineating their responsibilities.
The law stipulates that, as of its effective date, all responsibilities and duties of Drydocks World-Dubai shall be transferred to the Dubai Ports Authority. This transfer will include all employees of Drydocks World-Dubai, without affecting their acquired rights, as well as all assets and funds. Subsequently, the Dubai Ports Authority will assume all duties and liabilities of Drydocks World-Dubai.