ABU DHABI 10 September 2018: 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 enterprises 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, said Wam.
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.
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.
Mohammed Munif Al Mansouri, CEO of Abu Dhabi Business Centre, said that the first decision issued on billboards fees was implemented to reduce the cost of issuing economic licenses in the Emirate of Abu Dhabi, especially those that require the installation of large size billboards which previously cost up to Dh3000.
Meanwhile, the second decision on exempting new licenses from the Centre of Waste Management – Abu Dhabi’s fees aims to support the government’s efforts to attract investments and the business sector by reducing the fees that are imposed on investors and businessmen during the economic project establishment phase in the Emirate which will ensure their success and continuous progress.
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