Business

KIZAD cuts fees for over 75 per cent of its services to boost investment

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The initiative allows investors to save a lot of costs and contributes, furthering the competitive business advantage at Abu Dhabi's industrial zone for its current and future clients.

Wednesday 07, August 2019 BY KUDAKWASHE MUZORIWA

Khalifa Industrial Zone Abu Dhabi (KIZAD) has waived the charges for over 75 per cent of its services to encourage further investment into the emirate.

KIZAD stated that three-quarters of services will be offered free of charge, while fees for a significant number of the remaining services will also be reduced and streamlined to a simpler tariff structure.

Captain Mohamed Juma Al Shamisi, the CEO of Abu Dhabi Ports, said that this is an ideal opportunity for companies of all sizes to benefit from such incentives for either growing their business or entering new markets.”

KIZAD stated that the exemptions are aligned with the three-year ‘Ghadan 21’ initiative, which invests around AED 50 billion in a series of development initiatives and incentive packages

Since its launch in 2010, KIZAD has attracted more than 500 investors and AED 65 billion in investment across multiple sectors, including metals as well as polymers, oil and gas, and automotive among other sectors.

“We continue to support the government initiatives to build an investor-friendly environment by providing our partners and customers with the incentives they need for their businesses to thrive and grow,” added Al Shamisi.

 

 

 

TAGS : Khalifa Industrial Zone Abu Dhabi, Ghadan 21, foreign direct investment

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