The official website of the President of Azerbaijan (http://ru.president.az/articles/7359) informs that yesterday President Ilham Aliyev signed an order on establishing the Organizing Committee for 2015 World Chess Cup and 2016 World Chess Olympiad.
The OC chaired by the Deputy Prime Minister of Azerbaijan, Yaqub Eyyubov, also includes twelve heads of ministries and departments, head of the Baku City Executive Power, and two Vice Presidents of Azerbaijan Chess Federation.

The agreements on holding both events were signed in November last year in Baku.
http://www.fide.com/component/content/article/1-fide-news/6645-working-visit-of-fide-delegation-to-baku.html