UAE News ABU Dhabi's ADDED launches Land Incentives Programme
Now Reading
Abu Dhabi’s ADDED launches Land Incentives Programme

Abu Dhabi’s ADDED launches Land Incentives Programme

Land incentives will be offered at rates as low as Dhs5 per square metre, with beneficiaries also receiving long-term contracts

Neesha Salian
Abu Dhabi launches Land Privileges Programme to support businesses

The Abu Dhabi Department of Economic Development (ADDED) has launched the Land Incentives Programme to offer strategic support to businesses in line with the recently launched Abu Dhabi Industrial Strategy.

Read: Abu Dhabi Industrial Strategy launched, Dhs10bn earmarked for six programmes

According to the Abu Dhabi Media Office, manufacturing and industrial sub-sectors currently covered under the incentives scheme are logistics, food, energy, healthcare and bio-pharmaceuticals, information and communication technology, and heavy industry.

Companies applying for Land Incentives’ privileges have to demonstrate robust and active business plans; manufacturing techniques and output that employ sustainable business practices, technological advancements, Emiratisation and plans for further developing highly-skilled labour and task forces; and criteria that contribute to Abu Dhabi’s macro-economic roadmap.

Land incentives will be offered at rates as low as Dhs5 per square metre, with beneficiaries also receiving long-term contracts.

Mohamed Ali Al Shorafa, chairman of ADDED, said: “Incentivising land use is a vital strategic subsidy for businesses, advancing their growth and development objectives, and enhancing their capital expenditures and cash-flow management. We listened to our private sector partners and added a relief benefit to our roster of support schemes already in place. Abu Dhabi prides itself on supporting global businesses and our investor community; our efforts help to balance the economic equation and ensure that businesses have a sustained growth path.”

Al Shorafa added: “Previously, initiatives such as the ‘Rental-Rebate’ exercise sanctioned during the peak pandemic phase, helped Abu Dhabi- based businesses weather the storm well. Though the pandemic upended conventional professional behaviours, Abu Dhabi’s resilient businesses and entrepreneurs sustained cautious growth during this volatile period thanks to the emirate’s agility and highly beneficial public-private business partnership ecosystem.”

In recent news, the Competitiveness Office of Abu Dhabi (COAD), which is part of the Abu Dhabi Department of Economic Development (ADDED), has launched the ‘Abu Dhabi innovation incubators programme’ to support entrepreneurs.

This incubator programme is part of the 14 initiatives that come under ‘Abu Dhabi Innovates’, which was launched in May.

Read: Abu Dhabi’s ADDED launches innovation incubators programme

You might also like

© 2021 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top