The Dubai Airport Free Zone Authority "DAFZA" announced the launch of a package of incentives and facilities in support of the free zone companies that are based in "DAFZA" in order to ensure the continuity of their work in the various economic sectors in which they operate in order to reduce the severity of economic impacts and precautionary measures for what the world is witnessing in this period of time.
The move comes mainly to enhance companies ’ability to adapt to global fluctuations and give them sufficient flexibility to mitigate the effects of the current economic situation, as it included postponing the payment of rents for up to three months and facilitating financial payments through easy monthly installments, in addition to exempting retailers and retailers Within the free zone from the value of the rent for a period of three months, refund all amounts of insurance for the leased areas and all employment guarantees to companies, in addition to exempting new companies from registration and licensing fees, as well as canceling fines for companies.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Airport Authority, said: "Through this package, we seek to minimize the repercussions of this crisis on companies and solidarity with them to overcome these challenges resulting from the spread of (Covid 19) virus globally, which reflects our true commitment As a strategic partner for our customers, and by providing the appropriate environment for the sustainability and continuity of business, despite the fluctuations and global economic conditions, this package comes at a time when these companies face exceptional circumstances that unexpectedly affect various types of businesses and activities. "
His Highness added, “The Dubai Airport Free Zone is an important partner for the various companies operating in more than 20 vital economic sectors from DAFZA, as this package facilitates the movement of companies’ trade and operational operations, and we are keen to reassure them during this difficult stage that poses great challenges. Of the global future economic situation, indicating that its investments and businesses in a safe place will enable it to overcome this stage and get out of it stronger than it was. "
For his part, General Manager of “DAFZA”, Dr. Muhammad Al-Zarouni said, “The new incentives and facilities group confirms (DAFZA) continuous efforts in providing all forms of support to DAFZA companies and customers, and it comes as a continuation of a series of facilities and support services that we provide them During an economic stage that affects its operations directly and may put it in difficult conditions for the short and long term. "
He added, "This comes as confirmation that we are a supporter of them in all circumstances. They represent one of the motives of our economic engines, and their support now is support for our economy and the global economy, which is the equation that we strive to balance in order to achieve benefit to all parties, and thus (DAFZA) works in full interaction and integration with its strategic partners to ensure Business continuity and sustainability and providing all means of support. "