An economic incentive package has been announced by the Dubai Airport Freezone Authority (DAFZA) to support businesses affected by the COVID-19 pandemic.
The initiative includes postponing lease payments for up to three months and introducing monthly installment plans for settling financial dues.
The free zone is also cancelling fines issued to companies in addition to refunding their security deposits on leased spaces and labour guarantees.
Meanwhile, new firms are being exempted from registration and licensing fees.
"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," said H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DAFZA.
.@DAFZAOfficial launches incentive packages to support companies operating in the free zonehttps://t.co/KhVqmRpwKc pic.twitter.com/HxsVq9X4bs
— Dubai Media Office (@DXBMediaOffice) April 26, 2020
Indian state shuts some Domino's, Pizza Hut outlets, citing hygiene lapses
ADNOC's XRG advances global gas strategy with Venezuela entry
Iger, Kushner purchasing Lakers for record $12.5 billion
Chair of India's Tata to step down after tension with controlling charity
Emirates offers flyers to Dubai unlimited free date changes
