The Council of Ministers
After reviewing in its session chaired by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the correspondence received from the Royal Court No. 60734 dated 19/8/1445 AH, regarding the organizational arrangements for the Taif Development Authority.
After reviewing the aforementioned draft arrangements.
After reviewing the financial and administrative regulations for the Development Authorities of Regions and Cities, issued by Council of Ministers Decision No. (475) dated 7/9/1439 AH.
After reviewing the two Royal Orders No. (62332) dated 4/10/1443 AH, and No. (68175) dated 2/11/1443 AH.
After reviewing memoranda No. (104) dated 9/1/1444 AH, No. (521) dated 19/2/1444 AH, No. (1371) dated 3/5/1444 AH, No. (1761) dated 9/6/1444 AH, No. (2701) dated 7/9/1444 AH, No. (353) dated 1/2/1445 AH, No. (683) dated 27/2/1445 AH, No. (1001) dated 25/3/1445 AH, No. (1721) dated 16/5/1445 AH, No. (2286) dated 22/6/1445 AH, No. (3242) dated 8/9/1445 AH, No. (960) dated 16/3/1446 AH, No. (2238) dated 24/6/1446 AH, prepared by the Bureau of Experts at the Council of Ministers.
After reviewing the minutes prepared by the Council of Economic and Development Affairs No. (46/965/M) dated 4/6/1446 AH.
After reviewing the telegram from the Secretariat of the Council of Economic and Development Affairs No. (4052) dated 18/6/1446 AH.
After reviewing the recommendation of the General Committee of the Council of Ministers No. (6607) dated 25/6/1446 AH.
It is decided as follows:
First: Approval of the organizational arrangements for the Taif Development Authority, in the attached form.
Second: The application of the financial and administrative regulations for the Development Authorities of Regions and Cities - issued by Council of Ministers Decision No. (475) dated 7/9/1439 AH - to the Taif Development Authority.
Third: The Chairman of the Board of Directors of the Taif Development Authority and the Minister of Finance shall agree on all matters related to the investment of the Authority’s funds, and establish appropriate mechanisms that enable the Authority to benefit from its revenues and the financial consideration for the services and works it provides - without prejudice to the provisions of the Royal Circular Order No. (55685) dated 30/11/1438 AH - in a manner that ensures the financial sustainability of the Authority.
Fourth: Formation of a committee from: Makkah Region Development Authority and Taif Development Authority, to coordinate regarding the transfer of tasks and competencies related to the comprehensive planning and development of Taif Governorate, and its associated projects, from the Makkah Region Development Authority to the Taif Development Authority.
Fifth: The first fiscal year of the Taif Development Authority shall commence from the effective date of its organizational arrangements - referred to in item (First) of this decision - and shall end at the end of the following fiscal year of the state, as an exception to the provision of paragraph (2) of item (Tenth) of the arrangements.
