TBA GroupSailors SocietyTMS Awards 2020Coaltrans Virtual World Coal Leaders Network 2020TelestackCimbria
  • Cleveland Cascades Ltd
  • TMS Awards 2020
  • Vigan
  • TOC Events
  • Sailors Society
  • China Coaltrans 2020

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

Rotterdam Agribulks volumes rise as iron ore and coal fall

(Posted on 25/10/20)

The port of Rotterdam handled a total of 103.4 million tonnes of freight in the third quarter of 2020... Read more


HAROPA "Getting to Zero"

(Posted on 23/10/20)

The “Getting to Zero Coalition” was launched at the United Nations Climate Action Summit... Read more


AV Dawson unveils new head office

(Posted on 23/10/20)

Middlesbrough based freight logistics specialist AV Dawson has announced it will build a new state-of... Read more


AV Dawson unveils new head office

(Posted on 23/10/20)

Middlesbrough based freight logistics specialist AV Dawson has announced it will build a new state-of... Read more


AV Dawson unveils new head office

(Posted on 23/10/20)

Middlesbrough based freight logistics specialist AV Dawson has announced it will build a new state-of... Read more


Single power system for Belgian and Dutch inland ports

(Posted on 18/10/20)

The Port of Antwerp, the Port of Rotterdam Authority, the Port of Amsterdam, North Sea Port Netherlands... Read more


Steel, power and mining drive Essar tonnage growth

(Posted on 12/10/20)

Essar Ports, a leading private port infrastructure company in India, has announce that for the quarter... Read more


Crucial step for Trois-Rivières

(Posted on 12/10/20)

The Port of Trois-Rivières has received confirmation of significant financial assistance of $... Read more


BPA: borders proposals welcome but timescales short

(Posted on 12/10/20)

Responding to the publication of the UK government’s the Border Operating Model, the British Ports... Read more


Rotterdam joins new Future Fuels Network

(Posted on 07/10/20)

The Port of Rotterdam Authority has become a member of the new Future Fuels Network which was launched... Read more


The Wolfson Centre for Bulk Solids Handling Technology ViganBühler GmbHChina Coaltrans 2020TMS Webinar Series COVID-19: A Leadership Perspective - ‘Container Terminals in the Pandemic - Rapid bounce back or slow recovery?Port of Stockton
  • Coaltrans Virtual World Coal Leaders Network 2020
  • Bühler GmbH
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Port of Stockton

Subscribe to our newsletter

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