Move aimed at supporting growth, employment
Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of Abu Dhabi Ports, has announced new packages with up to 36 per cent savings as relief for Freezone businesses, and support SMEs challenged by the global economic slowdown.
Accordingly, the relief package offers both existing and prospective KIZAD Freezone customers savings of up to 25 per cent on new registrations and renewals, a waiver on the security deposit and two months free on renewals for all packages registered before 30 June 2020.
“As engines for growth and employment, SMEs are one of the main pillars of KIZAD’s business strategy,” noted Khalid Al Marzooqi, Director Commercial, KIZAD.
SMEs are a crucial component of Abu Dhabi’s business landscape and one of the main pillars of the Ghadan 21 programme, which KIZAD adheres to. Approximately 98 per cent of all companies in Abu Dhabi are SMEs, which contribute 29 per cent of its GDP and 44% of its non-oil economy.
KIZAD’s relief package is available in three tiers, the first providing 25 per cent savings on renewal or new registrations of three-years, 20 per cent savings for two-year registrations and renewals, and 15 per cent savings for for one-year registrations.
