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Coronavirus: Abu Dhabi Ports announces rent freeze for 2021
Abu Dhabi - The move will benefit more than 1,400 companies.
Abdullah Al Hameli. — Wam photo
The Abu Dhabi Ports has announced a freeze on rents in 2021 for all businesses in its Industrial Cities and Free Zone cluster. The move is aimed at providing relief to its customers and boosting the Abu Dhabi economy “in these challenging times”.
It will benefit more than 1,400 companies.
Abdullah Al Hameli, Head, Industrial Cities and Free Zone Cluster, Abu Dhabi Ports, said: “Abu Dhabi Ports is taking steps to help its customers remain competitive during this exceptional economic climate and overcome the challenges brought on by Covid-19. We are working in line with the Abu Dhabi Government’s efforts to extend relief to businesses by ensuring our customers retain their competitive advantage.
“The freeze in rent escalation we have announced reflects our commitment towards enhancing the growth and stability of our customers and tenants and falls in line with the government directives to stimulate future growth for the UAE’s economy. We are confident that this measure will help fast-track the robust economic recovery that the Government is making efforts to achieve,” he added.
Last year, ZonesCorp customers were exempted from ‘Musataha’ contract registration, utility payments based on actual consumption, and application and documentation fees. The company is also providing a 25 per cent price reduction for new investors.
Simultaneously, Khalifa Industrial Zones Abu Dhabi (KIZAD) had announced last year relief packages with up to 36 per cent savings for Free Zone businesses and SMEs. The package offers both existing and prospective customers savings on new registrations and renewals, along with a waiver on security deposits.
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