Port of StocktonSailors SocietyTOC EventsCimbria Bulk Equipment A/STMS Tanker Conference 2020Cleveland Cascades Ltd
  • TMS Ship Finance & Trade Conference 2020
  • TMS Tanker Conference 2020
  • Telestack
  • Cimbria Bulk Equipment A/S
  • Vigan
  • Port of Vancouver USA

Abu Dhabi’s relief package

Abu Dhabi’s relief package

(Posted on 28/04/20)

Abu Dhabi Ports has announced major initiatives to address concerns of its customers across its industrial and economic zone subsidiaries in these uncertain times.

The relief package includes several measures for existing customers, including a three-month rent deferment for Q2, a freeze on late payment penalties and an exemption from Tawtheeq fees.

The relief package also includes measures for new investors, including a waiving of applications fees, a 25 per cent reduction in land lease rates for the first year, an exemption on Tawtheeq fees and a relinquishing of land fixing fees.

The measures are part of Abu Dhabi Ports’ relief effort for investors and customers in response to the global economic slowdown brought on by the coronavirus pandemic.

Captain Mohamed Juma Al Shamisi, Abu Dhabi Ports Group CEO said: “In line with the Government’s effort to extend relief to businesses during these exceptional economic circumstances, Abu Dhabi Ports is taking necessary steps to help our industrial and economic zone customers overcome the current challenges brought on by the spread of coronavirus.

“Supporting customers in maintaining their competitive advantage is at the core of Abu Dhabi Ports’ decision making. The steps we have announced today reflect our commitment to enhancing the growth and stability of our customers and tenants in line with the government directives.

“We remain united and resolute in facing our difficulties together, confident in the belief that we will emerge from this crisis better and stronger.”

The relief measures come on the heels of a 25% waiver on rentals for new customers at Khalifa Industrial Zone Abu Dhabi (KIZAD).

Other benefits under the government relief package include exemptions until the end of the year on commercial real estate registration, subsidised utilities for commercial and industrial activities (including payment of natural gas bills, based on actual consumption for a 6 months period), a AED 3 billion allocation for SME’s credit guarantee programme, waiver of performance guarantees of up to AED 50 million for start-ups, a new committee to review lending options for local companies, and waiver of industrial and commercial penalties.

Latest News

Essar Ports eyes V shaped recovery

(Posted on 07/07/20)

The green shoots of recovery, post COVID-19 lockdown are being seen by Essar Ports due to a pickup in... Read more


Ports can be renewable energy hubs

(Posted on 06/07/20)

Ports can play a pivotal role in the world’s decarbonization challenge and provide a blueprint... Read more


Marmedsa consolidates Algerian leadership

(Posted on 06/07/20)

Three ships operated by the shipping company TransMed Express (TME) with the shipping agents Marmedsa... Read more


Risk management concerns rise at ports

(Posted on 30/06/20)

The deadly spread of COVID-19, and the economic and trade disruption the pandemic has caused, is prompting... Read more


FTA enables emergency services in UAE waters

(Posted on 30/06/20)

The Federal Transport Authority (FTA) - Land & Maritime has signed a Memorandum of Understanding... Read more


Top-class line up for TMS webinar

(Posted on 30/06/20)

The Maritime Standard has assembled an exceptionally high-quality panel for its next Webinar in the... Read more


Pushed barge trackers to improve safety

(Posted on 25/06/20)

Port of Antwerp and the Gent area of the North Sea Port are aiming to further digitalise inland waterways... Read more


Dutch Seaports win Sustainability Award

(Posted on 25/06/20)

The Dutch seaports of Rotterdam, Amsterdam, Terneuzen/Vlissingen, Moerdijk, and Groningen have jointly... Read more


Partnership enhances Canadian supply chain assets

(Posted on 19/06/20)

HOPA Ports and Max Aicher North America (MANA) have announced an agreement to cooperate on the future... Read more


Haifa moves forward with Navis

(Posted on 18/06/20)

Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that... Read more


ViganPort of Vancouver USAThe Wolfson Centre for Bulk Solids Handling Technology TBA GroupTelestackTMS Ship Finance & Trade Conference 2020
  • Sailors Society
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Port of Stockton
  • TMS Webinar Series COVID-19: A Leadership Perspective - ‘Scanning the Financial Horizons’
  • TBA Group
  • TOC Events

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping