Ruler of Ras Al Khaimah directs to exempt exhibition organizing facilities from 50% of renewal fees

His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, has directed to exempt exhibition organizing facilities in the emirate from 50% of the license renewal requirements or any violations resulting from the license related to all local departments and bodies, provided that the exemption continues for a year from its approval, in a step To support the march of this important economic sector, which faces major challenges in light of the current health conditions in the world.

This initiative reflects His Highness’s interest in continuously following up the progress of work in various vital economic sectors, to mitigate the economic effects resulting from the Corona crisis, and to ensure that the emirate’s economy continues to achieve better performance rates and maintain its competitiveness in all fields.

The directives of His Highness regarding the exhibitions sector come as a continuation of a series of previous measures that were taken at the level of the emirate aimed mainly at reducing the burden on companies and ensuring the continuation of business, the most prominent of which was the issuance of an integrated package of support for all economic activities in the emirate and included exemption from many company registration fees. Renewal of licenses and residency.

The package of incentive measures covered all business sectors in the emirate, including economic activities, the tourism sector, the government services sector, the environmental sector, small and medium companies, and the commercial and investment sector.

The directives of His Highness the Ruler of Ras Al Khaimah support the stability of the business community in the emirate, maintain the stability of the economic landscape closely related to the investment sector, which is witnessing a boom in all parts of the emirate, and encourage the flow of more foreign investments to the Ras Al Khaimah market, which enjoys flexibility and high competitiveness and great economic potential. .

It should be noted that the emirate took earlier this year a set of measures to ensure the continuity and prosperity of business in it, and the incentive measures varied according to three levels: canceling or postponing some payments, providing advice, and marketing assistance according to the nature of work in each entity and the most appropriate method. It benefits its customers.

Follow our latest local and sports news, and the latest political and economic developments via Google news