By Staff writer
Move is part of economic incentive packages to help businesses through Covid-19 crisis
Retailers operating in the Dubai Airport Freezone Authority (DAFZA) will be exempt from lease payments for up to three months.
The move is part of a wider announcement of economic incentive packages aimed at supporting companies based in the freezone through the current coronavirus pandemic.
The initiative includes facilitating financial patments into easier monthly instalments, while the free zone will refund the security deposits on the leased spaces and labour guarantees to companies and will also exempt new companies from the registration and licensing fees. Companies’ fines will be cancelled as well.
Sheikh Ahmed bin Saeed Al Maktoum, chairman of DAFZA, said: “We stand in solidarity with our companies to overcome the challenges caused by the global spread of Covid-19. This package will support companies through these exceptional circumstances that have unexpectedly affected various businesses sectors and activities.”
The free zone has implemented a 100 percent remote work system within the authority’s buildings based on electronic and smart applications and advanced technical infrastructure that the country and the free zone provides.
DAFZA also closed all external facilities within the free zone including the food courts and other facilities, while launching a comprehensive campaign to clean and sterilise all streets, buildings, facilities and warehouses within the free zone.