The Department of Economic Development in Abu Dhabi issued an administrative decision to entitle commercial establishments to the restaurants, tourism and entertainment sector operating in the Emirate of Abu Dhabi to recover 20% of the total annual rental value of their facilities. Abu Dhabi Economy explained that this comes in implementation of the directives of the Abu Dhabi government leadership to support the private sector.
She pointed out that this applies to rental contracts for real estate, restaurants, cafes, cafeterias, sales outlets and sale of takeaway, as well as real estate units leased to establishments that practice leisure activities wherever they are found, and all rental properties for tourism and recreational facilities, tourist resorts and tourist singles.
For his part, a source in the Abu Dhabi Economy told Emirates Today that this decision came to support private sector enterprises facing some challenges due to the periods of closure and restrictions imposed on some of its activities within the framework of preventive and precautionary measures taken in the UAE and the world as a whole to reduce the repercussions of the emerging Corona virus. Covid 19.
He noted that the decision will have many positive effects on private sector establishments operating in these sectors and that the coming period will witness many initiatives to support the private sector, pointing out that the department is studying many initiatives and will be launched at the appropriate time. He pointed out that the private sector is a major partner in the development process and its support is the issue of its president and necessity during the coming period.