TelestackThe Wolfson Centre for Bulk Solids Handling Technology Cleveland Cascades LtdBühler GmbHCimbriaTMS Tanker Conference 2020
  • Port of Stockton
  • The Wolfson Centre for Bulk Solids Handling Technology
  • TMS Webinar Series COVID-19: A Leadership Perspective - Spotlight on Offshore, Oil & Gas
  • Cimbria
  • Bühler GmbH
  • TBA Group

KIZAD unveils freezone packages

KIZAD unveils freezone packages

(Posted on 12/05/20)

Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of Abu Dhabi Ports, has announced new packages with up to 36 per cent savings as relief for Freezone businesses, and support SMEs challenged by the global economic slowdown.

In line with Abu Dhabi Ports and the Government of Abu Dhabi’s efforts to support and safeguard businesses, the relief package offers both existing and prospective KIZAD Freezone customers savings of up to 25 per cent on new registrations and renewals, a waiver on the security deposit and two months free on renewals for all packages registratered before 30 June 2020.

Khalid Al Marzooqi, Director Commercial, said: “Small and Medium Enterprises are the backbone of any economy, and are a vital component of Abu Dhabi’s business landscape. As engines for growth and employment, SMEs are one of the main pillars of KIZAD’s business strategy.

“As one of the leading enablers of industry, it is our responsibility to provide businesses with the opportunities to be competitive in their respective markets. The SME relief packages we announced today are aligned with the UAE’s efforts to protect SMEs in the country from the economic impact of the coronavirus pandemic.”

SMEs are a crucial component of Abu Dhabi’s business landscape and one of the main pillars of the Ghadan 21 programme, which KIZAD adheres to. Approximately 98 per cent of all companies in Abu Dhabi are SMEs, which contribute 29 per cent of its GDP and 44% of its non-oil economy.

KIZAD’s relief package is available in three tiers, the first providing 25 per cent savings on renewal or new registrations of three-years, 20 per cent savings for two-year registrations and renewals, and 15 per cent savings for for one-year registrations.

Across all packages, new and existing customers will also benefit from having their security deposit waived.

The new initiative follows similar measures undertaken by Abu Dhabi Ports and implemented by KIZAD to aid its customers affected by the global economic slowdown in the wake of COVID-19.

The measures announced by Abu Dhabi Ports recently include the waiving of penalties associated with the late renewal of licenses in the second quarter of the year, as well as rent deferment and a freeze on late payment penalties.

Latest News

New confidence at small-but-growing Oshawa

(Posted on 01/08/20)

Just over a year after the ports of Hamilton and Oshawa amalgamated, the Port of Oshawa is attracting... Read more


BPA to conduct connectivity review

(Posted on 31/07/20)

The British Ports Association is launching a major new review of UK port connectivity. This work will... Read more


Noatum strengthen its team

(Posted on 31/07/20)

Noatum Logistics reinforces its strategy in order to consolidate its leadership as a one of the most... Read more


Vancouver USA receives longest wind blades

(Posted on 31/07/20)

The Port of Vancouver USA received a shipment of wind turbine components on July 22 that included the... Read more


Cargo Wagon and Nexxiot partner up

(Posted on 22/07/20)

Nexxiot and Slovakian based lessor Cargo Wagon team up regarding the digital rail cargo transformation... Read more


Seaway tugboat arrives in Massena, New York

(Posted on 22/07/20)

The U.S. Department of Transportation’s Saint Lawrence Seaway Development Corporation (SLSDC)... Read more


Dunkerque-Port increases decarbonisation commitment

(Posted on 16/07/20)

Dunkerque-Port has joined the “Getting to Zero” Coalition, in order to support the decarbonisation... Read more


MoU to develop Malaysian Biohub Port

(Posted on 16/07/20)

Agensi Inovasi Malaysia (AIM), Regal Lands Sdn. Bhd. (REGAL), Bintulu Port Holdings Berhad (BPHB) and... Read more


First signs of recovery in Antwerp

(Posted on 10/07/20)

Total throughput at the Port of Antwerp fell by 4.9% in the first half of the year compared to the same... Read more


French shippers acclaim Dunkerque Port

(Posted on 10/07/20)

The French shippers' trade association, representing importers and exporters from all over France, has... Read more


TOC EventsSailors SocietyTMS Webinar Series COVID-19: A Leadership Perspective - Spotlight on Offshore, Oil & GasTBA GroupTMS Awards 2020TMS Ship Finance & Trade Conference 2020
  • Sailors Society
  • Telestack
  • Vigan

Subscribe to our newsletter

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