As part of COVID-19 relief measures, Abu Dhabi Ports defers rent for its customers

Abu Dhabi Ports has announced it is offering a three-month rent deferment for the second quarter of the year for its customers as part of the relief measures aimed at curbing the impact of the coronavirus pandemic on their operations.

The package also includes a freeze on late payment penalties and an exemption from Tawtheeq fees. Measures have also been introduced for new investors, including a waiving of application fees, a 25 per cent reduction in land lease rates for the first year, an exemption on Tawtheeq fees and a relinquishing of land fixing fees.

Captain Mohamed Juma Al Shamisi, Abu Dhabi Ports Group CEO, said: “In line with the Government’s effort to extend relief to businesses during these exceptional economic circumstances, Abu Dhabi Ports is taking necessary steps to help our industrial and economic zone customers overcome the current challenges brought on by the spread of coronavirus.”

The relief measures are being launched on the back of a 25 per cent waiver on rentals for new customers at Khalifa Industrial Zone Abu Dhabi, KIZAD.

Other benefits under the government relief package include exemptions until the end of the year on commercial real estate registration, subsidised utilities for commercial and industrial activities a AED3 billion allocation for SME’s credit guarantee programme, as well as waiver of performance guarantees of up to AED50 million for start-ups.

For more information visit www.adports.ae

5th May 2020