News Businesses in this emirate to get a 20% refund...

Businesses in this emirate to get a 20% refund on rent

-

A total of AED200 million will be refunded to restaurants, tourism and entertainment facilities in Abu Dhabi. 

Some 8,000 facilities in the mentioned field are eligible for a refund of 20 percent of the annual rental value on their commercial property leases worth AED1 billion. 

“The refunding of 20 percent of the value of helps support the private sector and enhance confidence in the emirate’s investment environment, thus ensuring the sustainability of business in view of the current exceptional conditions facing the world at large,” Khaled Mubarak Bani Zama, director of the Industrial Development at the Abu Dhabi Department of Economic Development. 

The refund is part of the emirate’s stimulus package launched by the Abu Dhabi Government within the ‘Ghadan 21’ program to help businesses who have been affected by Covid-19 crisis. 

Ryan Namia
Ryan Namia spends most of his days reading over drafts of new written content and determining which ones make the final cut for online and print publication. He received his Bachelor's degree in Journalism in 2015 and has been writing since 2016. Got a story to tell? Email him at eic@theglobalfilipinomagazine.com. Or follow his IG @rtnamia.

Latest news

Royal Brunei reintroduces Dubai-London route

Royal Brunei Airlines (RB) reintroduces its Dubai-London route as part of its new Winter schedule, effective November...

Dubai: Lalaki kulong matapos magtangkang magnakaw ng tatlong air conditioner

Isang lalaki ang nakulong dahil sa pagtatangkang magnakaw ng tatlong air conditioner na nagkakahalaga ng AED48,000 sa...

UAE’s decision to drop use of face masks in most public places draw mixed reactions

The decision of the UAE to make it optional to wear face masks in public places drew...

Wingstop to open first 24/7 branch in Abu Dhabi with 1 AED meal offer

Global chicken wing franchise Wingstop will celebrate the grand opening of its first 24/7 outlet in the...
- Advertisement -

Calling President Bongbong Marcos to appoint a Climate Change Ambassador

The recent UN General Assembly (UNGA) address of President Bongbong Marcos where he mentioned about the effects...

Sales executive Jomar Tagala is the 2022 Dakilang Manggagawang Pilipino winner

Joemar Resurreccion Tagala is the winner of the 2nd Dakilang Manggagawang Pilipino (DPM) sa UAE 2022 initiated...

Must read

NCCA reveals recipients of Ani ng Dangal 2021

The National Commission for Culture and the...

You might also likeRELATED
Recommended to you