7. —(1) There shall stand established, on the establishment day, a body to be known as the Digital Hub Development Agency (in this Act referred to as the “Agency”), to perform the functions conferred on it by or under this Act.

(2) The Agency shall be a body corporate with perpetual succession and a seal and with power—

(a) to sue and may be sued in its corporate name,

(b) to acquire, hold and dispose of land or an interest or part of an interest in land, by transfer, assignment, conveyance, grant of lease or licence or otherwise, with the consent of the Minister, and

(c) to acquire, hold and dispose of any other property, with the consent of the Minister.