The Dubai Airport Freezone
Authority (Dafza) has launched a set of economic incentive packages to support companies based in the free zone, in order to ensure business continuity across various sectors and help them mitigate the severity of the economic impact and precautionary measures the world is currently facing.
The initiative includes postponing lease payments for up to three months and facilitating financial payments into easier monthly installments.
It also supports retailers operating within the free zone by exempting them from lease payments for a period of up to three months, said a statement from Dafza.
The free zone will refund security deposits on leased spaces and labour guarantees to companies, as well as exempt new companies from registration and licencing fees. It will also cancel fines issued to companies.
On the key initiatives Chairman Sheikh Ahmed bin Saeed Al Maktoum said: "It reflects our commitment to provide the ideal environment for companies to ensure business continuity and help develop and grow their operations, despite the fluctuations and global economic conditions."
"This package will support companies through these exceptional circumstances, which have unexpectedly affected various businesses sectors and activities," noted Sheikh Ahmed.
"Dafza is a key partner for many companies operating in more than 20 vital sectors within the free zone. This package will guarantee continuity and commercial movement within the free zone," he added.-TradeArabia News Service
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