In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to support the business community in Dubai and accelerate the pace of recovery within the various sectors to overcome the repercussions of the pandemic of Covid 19, Dubai South announced the extension of the incentive package for its customers in the complex And the business center until the end of this year, with the aim of supporting companies to overcome the challenges imposed by the pandemic and to ensure business continuity during the recovery period.
Companies in the business center and complex will receive, through this package, a 50% discount on licensing fees, whether when establishing new companies or when renewing existing licenses, in addition to a 50% discount on business center incorporation fees. This package will benefit customers who will place their order as of July 26th.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Civil Aviation Authority and President of Dubai Airports Corporation, said: "This extension is a continuation of the recent stimulus package announced by the Dubai government under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, to support companies to adapt to the emerging conditions, These stimulus packages are in line with the strategic objectives of Dubai South aiming to boost Dubai's economy by supporting businesses in addition to enabling new investors to enter the market.
His Highness added: “We are aware of our responsibilities and what we must do to provide support to our existing clients and customers seeking to establish their business in Dubai South, especially in these exceptional circumstances the world is going through. At the same time, we understand the business community’s need for support and flexible dealing, with Our full commitment is to direct our efforts to revitalize the business sector, to return to the usual pace of growth. "
In the interest of business continuity, Dubai South will continue to give companies in its free zone flexible payment plans and easy installments, in addition to exempting companies from late renewal fines and canceling contracts and licenses. The incentive packages offered by the company will be subject to the terms and conditions, as this step is in line with the continuous efforts of "Dubai South" to find suitable and flexible solutions for the business community, in addition to empowering all companies in their various projects.
Dubai South's mission is to support businesses and help boost the emirate's economy. So it is a model for other organizations to inject more vitality and activity into the market, and to strengthen Dubai's position as one of the top destinations for doing business and living worldwide.
It is noteworthy that the government of Dubai launched "Dubai South" in the year 2006 on an area of 145 square kilometers, and was designed in an integrated manner to achieve the happiness of individuals. The city is a major modern project in the emirate to support the main pillars of the "Dubai Plan 2021". It is expected that the city will host up to one million people in an integrated economic environment, to support all types of businesses and industries, and provide 500 thousand jobs.