- About us
- IBJ Awards
- Free Sample
- Contact us
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.
In addition to helping its 12 member ports decarbonize, the World Ports Climate Action Program (WPCAP... Read more
The first ship of the year, M/V Cape Alexandros, arrived at 11:00 a.m. on January 4, 2023, from Rotterdam... Read more
AD Ports Group the leading facilitator of global trade, logistics, and industry, has signed a Memorandum... Read more
In the presence of the UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the President... Read more
The Port of South Louisiana (Port SL) CEO Paul Matthews, has announced that it has entered into a Purchase... Read more
With 73.6 million tons of cargo transhipment from maritime shipping (+7%) and 64.5 million tons from... Read more
Despite unfavourable economic conditions, traffic in the port of Dunkerque, the third largest port in... Read more
North Sea Port CEO Daan Schalck has been looking back as well as forward. 2022, was a year in which... Read more
A multi-million-pound deal has been agreed to build a new road salt storage facility to support Scotland... Read more
Ports Minister Rita Saffioti has announced Samuel McSkimming as the new CEO of the Pilbara Ports Authority... Read more