New packages announced with up to 36% savings
Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of Abu Dhabi Ports, has announced new packages with up to 36% savings for Freezone businesses, and support its SMEs challenged by the global economic slowdown.
KIZAD’s relief package is available in three tiers, the first providing 25% savings on renewal or new registrations of three-years, 20% savings for two-year registrations and renewals, and 15% savings for for one-year registrations.
Across all packages, new and existing customers will also benefit from having their security deposit waived.
Khalid Al Marzooqi, Director Commercial, said: “Small and Medium Enterprises are the backbone of any economy, and are a vital component of Abu Dhabi’s business landscape. As engines for growth and employment, SMEs are one of the main pillars of KIZAD’s business strategy."
Approximately 98% of all companies in Abu Dhabi are SMEs, which contribute 29% of its GDP and 44% of its non-oil economy.
The new initiative follows similar measures undertaken by Abu Dhabi Ports and implemented by KIZAD to aid its customers affected by the global economic slowdown in the wake of COVID-19.