Discounted prices starting from 5 dirhams per square meter
The Abu Dhabi Department of Economic Development launches a program to stimulate the rent of industrial land to support the growth of the sector
The program will achieve various benefits in various economic sectors.
Yesterday, the Abu Dhabi Department of Economic Development launched the "Stimulating Industrial Land Rental Prices" program, one of the most important strategic initiatives to support businesses, which is part of the Abu Dhabi Industrial Strategy launched last June.
The launch of the program is based on an analytical study and extensive discussions conducted by the Abu Dhabi government with private sector companies and institutions. The program will achieve various benefits in various economic sectors.
The industrial sectors covered by the “industrial land lease price stimulus” program include logistics, food industries, energy, health care, biopharmaceuticals, information and communications technology, and heavy industries.
In order to obtain the incentives and privileges provided by the program, companies and industrial establishments must meet some conditions and standards that aim to achieve the strategic economic objectives of the Emirate of Abu Dhabi. Relying on modern technological means, enhancing Emiratisation efforts, and implementing plans aimed at developing and enhancing the skills and competencies of the workforce.
The program will provide the use of industrial land at discounted prices starting from five dirhams per square metre, under long-term lease contracts.
Mohammed Ali Al Shurafa, Chairman of the Department of Economic Development in Abu Dhabi, said: “The Emirate of Abu Dhabi is consolidating its position among the most active and prosperous economic destinations in the world by continuing to fulfill its ambitious promises and dedicating its pioneering approach.
The launch of the industrial land rental price stimulus program comes to support businesses, provide the appropriate conditions for growth, and improve the management of capital expenditures and cash flows.
After we conducted extensive discussions with our partners in the private sector, this program was launched, which constitutes a qualitative addition to a package of support programs provided by the emirate, as Abu Dhabi is distinguished by its unlimited support for international companies and investors, and our efforts and initiatives contribute to achieving economic balance and providing an integrated system to achieve sustainable growth. ».
He added: "The initiatives launched by the Abu Dhabi Economy during the last period, such as the rental value recovery initiative, during the height of the (Covid-19) pandemic, contributed to supporting companies operating in Abu Dhabi to face the economic difficulties during that period.
Despite the repercussions of the pandemic on the business sector, companies and entrepreneurs in Abu Dhabi were able to follow a cautious growth path during that volatile period, supported by flexibility and the distinguished partnership system between the public and private sectors in the emirate.
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