Over (41) billion dirhams Worth of Contracts Completed by Dubai Legal over the past year
His Excellency Dr. Lowai Mohamed Belhoul, Director General of the Government of Dubai Legal Affairs Department, stated that the Department, in accordance with its role in preparing and reviewing contracts for various government entities in Dubai, or which they are party to, completed over 600 contract and agreement requests received from Government Entities in 2020. The Department represented more than (50) government entities.
His Excellency Dr. Belhoul added that despite the exceptional circumstances imposed by the Corona crisis and their consequences over the past year, the governmental legal support services provided by the Department in relation to contracts have increased by an overall rate of 22% compared to the year 2019, which coincides with the upward trend in the number of new contracts over the past five years.
Dr. Belhoul pointed out that the total value of government contracts and agreements completed by the Department amounted to more than (41) billion dirhams. These included contracts involving new technologies (such as smart city agreements, robots, Blockchain, artificial intelligence, cybersecurity and Fintech), complex banking and finance contracts (such as project financing, stocks, sukuk, Islamic finance, financial restructuring and disposal of assets, private partnerships, and public government procurement). These also covered a wide range of industries including education, healthcare, and all areas related to the overall growth in the Emirate of Dubai. His Excellency also highlighted that the Department contributes by providing specialized legal services in modern and advanced fields.
In a related matter, His Excellency Dr. Belhoul pointed out that the Department made sure to take all necessary measures to ensure the continuity of its business in time of COVID-19, so as to meet high KPIs in preparing and reviewing Government contracts, by utilizing modern technologies to provide legal services and stay on top of the latest developments and legislation related to contractual issues such as the interpretation of "force majeure" and "e-signature", and updating draft contracts and agreements to adapt to the latest amendments made to legislation, latest developments and trends imposed by the new reality.