المادة 35: Appointing the Developer and Engineering Office

Article 35: Appointing the Developer and Engineering Office

In the event that one of the objectives of the fund includes the initial development or constructional development, the fund manager must appoint one or more developers, provided that the duties and responsibilities of each developer are clearly specified in the fund's terms and conditions, Additionally, an engineering office independent from any of the related parties, after ensuring that they obtained the approvals and licenses required to carry out their business and activities from the relevant government entities. The engineering office shall - at minimum - oversee the implementation of the fund's business plan.