Abu Dhabi Ports expands relief measures; halts rent increases
Abu Dhabi, UAE, January 10, 2021 Abu Dhabi Ports has announced a freeze on rent escalation during 2021 for all businesses in its Industrial Cities and Free Zone cluster, in a move aimed at providing further relief to its customers in Khalifa Industrial Zones Abu Dhabi (Kizad) and ZonesCorp and boosting the Abu Dhabi economy in these challenging times. “The effective freeze on rent increase for the entire year is in line with Abu Dhabi Ports’ core philosophy of enabling businesses to remain competitive within their target markets, and follows several measures taken throughout 2020 to provide relief to customers,” a statement said. The rent escalation freeze will benefit more than 1,400 companies within Abu Dhabi Ports’ Industrial Cities and Free Zone cluster, the statement added.
Abu Dhabi Ports Expands Relief Measures; Halts Rent Increases For Industrial And Economic Zone Customers In 2021 Sun 10th January 2021 | 08:30 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 10th Jan, 2021) Abu Dhabi Ports today announced a freeze on rent escalation during 2021 for all businesses in its Industrial Cities and Free Zone cluster, in a move aimed at providing further relief to its customers in KIZAD and ZonesCorp and boosting the Abu Dhabi economy in these challenging times.
The effective freeze on rent increase for the entire year is in line with Abu Dhabi Portsâ core philosophy of enabling businesses to remain competitive within their target markets, and follows several measures taken throughout 2020 to provide relief to customers. The rent escalation freeze will benefit more than 1,400 companies within Abu Dhabi Portsâ Industrial Cities and Free Zone cluster.