Abu Dhabi agrees fee waiver
THE Abu Dhabi Executive Council has approved a resolution to exempt all new economic licences issued in the Emirate from all local fees for two years, effective from the date of issue, a media report said. The move comes under the directives of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, reported Emirates news agency Wam. The Council has also approved another resolution exempting and reducing the fees of 98 basic services charged by the Abu Dhabi Municipalities on the private sector. The two resolutions are aimed to facilitate economic activities in Abu Dhabi as part of the initiatives and incentives provided to the private sector companies in the emirate. Coming into force by December 1, the two resolutions are part of the Abu Dhabi Government Accelerators Programme ‘Ghadan 21’.
DCCI hosts Saudi delegation
DUBAI Chamber of Commerce and Industry recently hosted a high-level delegation from Saudi Arabia and highlighted prospects for strengthening and expanding cooperation between the two sides, as well as investment opportunities in Dubai and other matters of mutual interest. The Saudi delegation included the chairman and board members from the kingdom’s Asharqia Chamber (the Eastern Province Chamber of Commerce and Industry), said a statement from the organisation. The meeting, held at Dubai Chamber’s premises, highlighted prospects for expanding cooperation between the two chambers, as well as investment opportunities in Dubai, it said.
$585m road safety projects
SAUDI ARABIA has announced plans for 23 new road safety projects at an investment of SR2.2 billion ($585 million), said a report. The government will be completing these major infrastructure projects in phases. In the first phase, the kingdom will implement a total of eight projects, covering more than 68,000 km across the kingdom at an investment of SR773 million ($206 million), reported Arab News. The eight projects include the establishment of the National Road Safety Center and three “traffic safety equipment” projects.
