Universities in Bangladesh are of three general types: public (government-owned and subsidised), private (privately owned universities) and international (operated and funded by international organisations). They are accredited by and affiliated with the University Grants Commission (UGC), created by Presidential Order 10 in 1973. The country has 47 public, 105 private and two international universities; Bangladesh National University has the largest enrollment, and the University of Dhaka (established in 1921) is the oldest. University of Chittagong (established in 1966) is the largest University (Campus: Rural, 2,100 acres (8.5 km2)). Islamic University of Technology, commonly known as IUT, is a subsidiary of the Organisation of the Islamic Cooperation (OIC, representing 57 countries in Asia, Africa, Europe and South America). Asian University for Women in Chittagong is the preeminent South Asian liberal-arts university for women, representing 14 Asian countries; its faculty hails from notable academic institutions in North America, Europe, Asia, Australia and the Middle East.