HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued a new law regulating contracting activities in the emirate.

The law, which represents a significant step forward in strengthening the legal and governance framework of the emirate’s contracting sector, supports Dubai’s vision to advance the development of vital industries in line with global best practices, reported Wam.

The new law sets out a unified regulatory framework for contractor classification, oversight, transparency and accountability, supporting Dubai’s goals for sustainable growth.

It also aligns with the emirate’s building codes, planning regulations, and long-term development strategy, it stated.

The new law applies to all contractors operating in Dubai, including those based in special development zones and free zones such as the Dubai International Financial Centre.

A key provision of the law is the establishment of the ‘Contracting Activities Regulation and Development Committee’, which will be formed by a decision of the Chairman of The Executive Council of Dubai.  The committee, chaired by a representative from Dubai Municipality, will include members from government authorities and entities concerned with contracting activities.

It will be responsible for approving contracting activities in Dubai, identifying entities responsible for supervising each activity, overseeing the implementation of the law, proposing new policies and legislation for the sector, and resolving any jurisdictional disputes that may arise between regulatory entities, said the Wam report.