Abu Dhabi’s restaurants, tourist facilities and leisure and entertainment businesses can now claim a 20 percent refund on their annual rent as part of the emirate’s efforts to mitigate the economic impact of the coronavirus pandemic.
The new scheme was announced by the Abu Dhabi Department of Economic Development (ADED) director of Industrial Development, Khaled Mubarak Bani Zama, on Sunday.
The scheme falls under the “Ghadan 21” coronavirus relief package and applies for businesses that have an annual rental value of at least 1 billion dirhams ($272.29 million). It allows them to claim up to 200 million dirhams ($54.46 million) as a refund.
Now submit your requests to get a 20% refund on the value of the rent of your facilities. This is applicable to restaurants, cafes, cafeterias, and takeaway outlets, and all rental properties for establishments that engage in recreational activities,.. pic.twitter.com/3CoHMKhJpv— دائرة التنمية الاقتصادية - أبوظبي (@AbuDhabiDED) June 9, 2020
“The refunding of 20 per cent of the value of helps support the private sector and enhance confidence in the emirate’s investment environment, thus ensuring the sustainability of businesses in view of the current exceptional conditions facing the world at large,” said Bani Zama in a media briefing.
He added that 220 applications had already been approved.
The government specified that the refund applied for investors who had started their lease from September 2019, or renewed their contracts during the period from April 1, 2020, until the end of September 2020.
Coronavirus in Abu Dhabi, UAE
The emirate of Abu Dhabi has implemented a ban on movement in and out of the emirate, and between settlements within the emirate, aimed at curbing the spread of the pandemic.
On Monday, the emirate extended the ban by one week.
The total number of cases in the UAE is 42,294, following 304 new cases on Sunday.
With the number of new daily cases falling, UAE authorities have loosened restrictions in the country's six other emirates - but not Abu Dhabi.
Dubai on Friday allowed public swimming pools to reopen and the ban on water sports activities was lifted, according to a statement issued by the Dubai Sports Council.
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