Abu Dhabi Ports announced major initiatives to address concerns of its customers across its industrial and economic zone subsidiaries in these uncertain times.

The relief package includes several measures for existing customers, including a three-month rent deferment for Q2, a freeze on late payment penalties and an exemption from Tawtheeq fees, said a statement from Abu Dhabi Ports.

The relief package also includes measures for new investors, including a waiving of applications fees, a 25 per cent reduction in land lease rates for the first year, an exemption on Tawtheeq fees and a relinquishing of land fixing fees, it stated.

The measures are part of Abu Dhabi Ports’ relief effort for investors and customers in response to the global economic slowdown brought on by the coronavirus pandemic, it added.

Group CEO Captain Mohamed Juma Al Shamisi said: “In line with the Government’s effort to extend relief to businesses during these exceptional economic circumstances, Abu Dhabi Ports is taking necessary steps to help our industrial and economic zone customers overcome the current challenges brought on by the spread of coronavirus.”

“Supporting customers in maintaining their competitive advantage is at the core of Abu Dhabi Ports’ decision making,” he stated.

“The steps we have announced today reflect our commitment to enhancing the growth and stability of our customers and tenants in line with the government directives,” said Al Shamisi.

“We remain united and resolute in facing our difficulties together, confident in the belief that we will emerge from this crisis better and stronger,” he added.

The relief measures come on the heels of a 25 per cent waiver on rentals for new customers at Khalifa Industrial Zone Abu Dhabi (Kizad).