Initiatives to facilitate economic growth in Abu Dhabi
The Department of Economic Development (DED), has issued two decisions to facilitate economic activities in 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 licenses will be charged a fixed fee of Dh200.
The DED also exempted the new licenses, whether commercial, industrial, professional, craft, construction and others, from the fees charged by the Centre of Waste Management – 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.