Port of Vancouver USACoaltrans Global 2021CimbriaTBA GroupThe Wolfson Centre for Bulk Solids Handling Technology Telestack
  • TOC Events
  • Cleveland Cascades Ltd
  • Vigan
  • Telestack
  • Cimbria
  • Port of South Louisiana

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

Transshipments begin with largest ever UAE flagged bulker

(Posted on 11/04/21)

Emirates Steel, the leading integrated steel producer in the Middle East, and SAFEEN Group, the marine... Read more


Milwaukee promotes Polzin to Harbour Master

(Posted on 11/04/21)

The Milwaukee Board of Harbour Commissioners have approved the appointment of Eric Polzin to the position... Read more


Adani increases Krishnapatnam Port ownership

(Posted on 06/04/21)

Adani Ports and Special Economic Zone  Ltd. (APSEZ), India’s largest private Ports &... Read more


Single border checkpoint in Dunkirk

(Posted on 06/04/21)

Daniel Deschodt, Interim Chairman of the Executive Board of Dunkerque-Port, has officially handed over... Read more


UAE rail network to provide raw materials transport

(Posted on 01/04/21)

His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah,... Read more


FMT increases Southern USA presence

(Posted on 31/03/21)

Federal Marine Terminals, Inc. (FMT) has signed an operating agreement with Port Itawamba, increasing... Read more


Greenlight for Teesside waste to energy project

(Posted on 28/03/21)

Two of the UK’s leading waste to energy companies – Low Carbon Ltd and PMAC Energy &ndash... Read more


Peel completes autonomous vessel trial

(Posted on 28/03/21)

Peel Ports is the first Port group in the United Kingdom to take delivery of an autonomous unmanned... Read more


Rotterdam closer to hydrogen backbone

(Posted on 22/03/21)

The Port of Rotterdam Authority and Gasunie are working together on the development of a new hydrogen... Read more


ABP Newport’s port-centric manufacturing facility

(Posted on 22/03/21)

Associated British Ports (ABP), the UK’s leading and best-connected port operator, has celebrated... Read more


ViganSailors SocietyPort of South LouisianaCleveland Cascades LtdTOC EventsBühler GmbH
  • Coaltrans Global 2021
  • TBA Group

Subscribe to our newsletter

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