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Abu Dhabi DED decisions to boost business
September 10, 2018
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ABU DHABI: The Department of Economic Development — Abu Dhabi, DED, has issued two decisions to facilitate economic activities in the Emirate of Abu Dhabi as part of the initiatives and incentives provided to the private sector companies and entreprises operating in the Emirate. These decisions will help improve the Emirate’s ranking in the Doing Business and Global Competitiveness Reports.

The first decision modified the calculation mechanism of the billboards fees whereby the issuance and renewal of all kinds of economic licences will be charged a fixed fee of Dhs200.

The DED also exempted the new licences, whether commercial, industrial, professional, craft, construction and others, from the fees charged by the Centre of Waste Management (CWM) Abu Dhabi and the need to obtain a “No Objection Certificate” for the first year.

Speaking on the occasion, Khalifa bin Salem Al Mansouri, DED Undersecretary, said that these decisions come as part of the department’s keenness, through its collaboration with its strategic partners in the government, to adopt the best practices and enablers that can reinforce the Emirate’s status regionally and globally regarding the competitiveness of the business sector.

He also explained that the DED has implemented several initiatives that aim to achieve continuous development of the business registration system in Abu Dhabi by means of reducing the time, cost and number of procedures needed to conduct business in the Emirate, in addition to attracting more investment to create an attractive business environment and achieve the highest levels of competitiveness possible.

Al Mansouri hailed the support provided by the DED’s strategic partners in the government who helped the DED issue those decisions that contribute to supporting the business sector, enhance the Emirate’s performance and improve its competitiveness in the World Bank Doing Business Report.

In addition, he expressed DED’s keenness on providing further incentives and implement more initiatives that aim to empower the private sector in the Emirate of Abu Dhabi and attract investments by facilitating the economic licensing issuance procedures and requirements and provide a suitable business environment for investors and businessmen.

WAM

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