Abu Dhabi Ports, the main developer and operator of commercial and community ports, announced a package of initiatives today to reduce the burden of customers in its industrial and economic areas and enable them to face the current challenges, as part of its keenness to mitigate the effects of the current situation on companies and customers.
The initiative includes a number of facilities allocated to existing customers, such as postponing the rental due date for a period of three months during the second quarter of the year, freezing work with a system of late payment fines, and documentation fees. The facilities package also includes a set of procedures for new investors such as canceling fees for new registration applications, reducing the rent value by 25% for the first year, in addition to providing “documentation” services, and registration of surface-free contracts, free of fees, for free to all owners of commercial and industrial activities.
These measures are part of the efforts of Abu Dhabi Ports to mitigate the repercussions of the spread of the Covid-19 epidemic and enable investors and companies to overcome operating challenges in line with the directions of good leadership and its concern to protect Abu Dhabi's economic gains.
By the way, Abu Dhabi Ports Chief Executive Officer, Mohammed Jumaa Al Shamsi, said: “The world is witnessing an economic slowdown as a result of Corona’s global pandemic, therefore, and in line with the great efforts being made by our rational government to support the business sector and stimulate the national economy, we have initiated a series of initiatives that alleviate the burden of repercussions The current situation on the actions of our customers in the economic and industrial areas and helping them to overcome the operational challenges they face. "
He added: "Abu Dhabi Ports are always keen in all circumstances to take business support measures that contribute to stimulating investment and enhancing the competitive advantages of its customers and spare no effort to support them, and to maintain the continuity and growth of their business. We assure them of our commitment to provide assistance in times of crisis, and we are fully confident that we, from Through cooperation and standing together, we will both be able to skip this period and emerge stronger. ”
The launch of the new facilities package comes as a complement to a number of previous initiatives for Abu Dhabi Ports, where the Khalifa Industrial City of Abu Dhabi Ports has reduced rental fees by 25% for new customers in line with the initiative of the Executive Council of the Abu Dhabi Government, which included a set of incentives and facilities, including exempting entrepreneurs from real estate registration expenses Commercial until the end of the year, supporting the provision of water and electricity for commercial and industrial activities, pumping 3 billion dirhams in the credit guarantee program for small and medium-sized companies, not requiring the provision of performance guarantees up to a maximum of 50 million dirhams for companies Emerging, forming a new committee to review lending options for local companies, and to drop trade and industrial sanctions.
In the beginning of the year 2019, Abu Dhabi Ports activated the program of "incentive tariffs for the industrial sector" launched by the Industrial Development Office of the Department of Economic Development in Abu Dhabi. The program included energy price reductions for the most productive companies in Khalifa Industrial City, which affected their energy consumption costs, in order to encourage their contribution to strengthening the national economy.