Article 1
A "Royal Commission" is established to implement the necessary basic infrastructure plan for preparing the Jubail and Yanbu areas as industrial zones, and this commission shall have an independent legal personality.
A "Royal Commission" is established to implement the necessary basic infrastructure plan for preparing the Jubail and Yanbu areas as industrial zones, and this commission shall have an independent legal personality.
Cancelled
Cancelled
The Board of Directors is the dominant authority solely responsible for the affairs of implementing the basic facilities plan in the two mentioned areas, and for this purpose, it selects the appropriate method for execution.
The authority shall have an independent budget issued within the general budget of the state, and the Minister of Finance may exempt it from any regulatory provision included in the decree of the general budget of the state or from some budget instructions.
Without prejudice to the oversight mechanisms in place in the state, the Board of Directors shall appoint one or more auditors to review the expenses and report on them to the Board of Directors.
Without prejudice to the oversight mechanisms in place in this country, the Board of Directors shall appoint one or more auditors to review the expenses and report on them to the Board of Directors.
The Board of Directors issues the necessary administrative and financial regulations without being bound by the applicable financial and administrative rules.
The authority submits an annual report to the Council of Ministers outlining its activities, achievements, and future programs.
This decision shall take effect from the date of its issuance.