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
Meta apologises to India for restricting PM Modi's post
Dubai Duty Free to offer payment in cryptocurrency
UAE's GDP grows by 3% to AED485 billion in first quarter of 2026
Meraas marks key project milestone at 'Nourelle'
Ministry of Finance allows use of 'Aani', 'Jaywan' to pay fees and fines
