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UAE Cabinet approves reduced electricity-consumption fees for industries

Published: Updated:

The UAE Cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, has adopted a resolution to support the industrial sector by introducing reduced fees of electricity consumption for large, medium and small factories.

“We launched today an initiative to support the industry sector and to affirm UAE’s position on the global map as an attractive investment destination that provides an integrated environment for growth and sustainability,” Sheikh Mohammed bin Rashid said.

“We are investing in a sustainable industrial sector through the collaboration between different government entities and our goal is to be a successful model for the green economy to preserve our environment for future generations,” he added.

The initiative introduced a reduced tariff for electricity consumption for the industrial sector, to be in effect as of Q4 of this year, while achieving sustainable growth by reducing dependence on non-environmentally friendly sources such as liquid fuels.

Large factories will be supported by reducing the electricity consumption charges by 29 percent,, while the small and medium factories will have reduced fees by 10 percent to 22 percent, in addition to waiving the service connection fees for new factories.

Optimizing human resources

As part of the government’s keenness to develop the human competencies across the federal government and to optimize human resources, the UAE Cabinet has approved the project of Succession Planning and Talents Pool in the federal government.

The project aims to ensure that the Emirati manpower is equipped with the necessary tools to assume leadership and specialized positions.

The Cabinet adopted the unified national standards for public and private hospitals, which is in line with the UAE Vision 2021 to improve the level of services provided in the UAE in accordance to best standards and best international practices.

The new unified standards provide guidelines for health care professionals and hospital design, as well as other standards for medicines, patients’ rights, and patients’ families.

It also approved a resolution on the control and stamping requirements for trading in precious stones and precious metals to establish the necessary regulatory framework while preserving the high reputation of the UAE and increase its attractiveness to investments in this field.