A new range of incentives have been introduced by Jebel Ali Free Zone (Jafza) to help firms resume their activities with confidence in the post-COVID-19 environment.
The business hub now provides on-demand warehouses on short-term lease with no VAT or customs duties.
Companies can take on lease warehouses from 300 sqm to 15,000 sqm in size with free water and electricity as a bonus.
Jafza also offers easier rental terms, fast-track approvals, in-house logistics and cost effective transport services.
Both new and existing clients can take advantage of these measures.
The latest incentives come on the back of the 70 per cent reduction in registration, licensing and administrative fees announced in March.
“Challenging times call for competitive solutions. At DP World, UAE Region and Jafza we’re working on customised solutions for a post-pandemic trading world in which our customers pay less for more value-added service support across-the-board," said Mohammed Al Muallem, CEO & Managing Director of DP World, UAE Region and CEO of Jafza.
The Abu Dhabi Registration Authority (ADRA) says more than 7,800 businesses have benefited from an initiative waiving fines for late renewal of economic licences.
British luxury carmaker Jaguar Land Rover said on Monday it would cut around 4,000 jobs globally over the next two years as part of a broader plan to reduce costs and improve competitiveness.
Salik has renewed its tolling technology contract for Dubai's road toll system with US company TransCore for another five years, extending a partnership that dates back to 2006.
Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.
The UAE Ministry of Economy and Tourism has outlined new regulations aimed at strengthening the fight against commercial fraud, protecting consumers and improving market oversight.
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