Abu Dhabi Ports expands relief measures and halts some rent increases in 2021

Abu Dhabi Ports expands relief measures and halts some rent increases in 2021


Abu Dhabi Ports has announced a freeze on rent escalation during 2021 for all businesses in its Industrial Cities and Free Zone cluster, in a move aimed at providing further relief to its customers in KIZAD and ZonesCorp and boosting the Abu Dhabi economy in these challenging times.

The effective freeze on rent increase for the entire year is in line with Abu Dhabi Ports’ core philosophy of enabling businesses to remain competitive within their target markets, and follows several measures taken throughout 2020 to provide relief to customers.

The rent escalation freeze will benefit more than 1,400 companies within Abu Dhabi Ports’ Industrial Cities and Free Zone cluster.

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.”

For more information visit www.adports.ae

18th January 2021