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On Friday the 19th of April 2012, the contract regarding the realisation of World Trade Center The Hague was signed. The agreement, detailing the partnership specifics, was signed by the City of The Hague, the WTC Foundation and Bouwinvest. In the agreement, arrangements regarding exploitation and management of WTC The Hague were recorded. The WTC licence is owned by the City of The Hague. Bouwinvest, as owner of the building, is responsible for the commercial exploitation. The WTC Foundation supervises all activities of the World Trade Center. Frans Engering is chairman of the foundation. The foundation is further represented by members of the regional business community.