Khalifa Industrial Zone Abu Dhabi (KIZAD) has waived the charges for more than 75 per cent of its services, in line with the Abu Dhabi government directive to encourage further investment into the emirate
KIZAD is offering three-quarters of services for free of charge, while fees for a significant number of the remaining services will be reduced and streamlined to a simpler tariff structure.
The initiative is expected to contribute to savings for the investors while furthering the competitive business advantage at KIZAD for its current and future clients.
Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, said, ?The cost of setting up and maintaining a successful business at KIZAD is more achievable now than ever before. It is an ideal opportunity for companies of all sizes to benefit from such incentives for either growing their business or entering new markets.?
The exemptions align with Ghadan 21, the three-year Development Accelerator Programme for the emirate.
To date, the zone has attracted more than 500 investors and more than US$17.69bn in investment across multiple sectors, including metals, polymers, oil and gas, automotive, food, energy and logistics.
The new fee structure will be applicable from this month onwards.