UPDATE 1-DP World slashes fees at key Dubai business park - Reuters:
DP World on Tuesday slashed fees at one of Dubai’s biggest business parks, which it said would immediately benefit 7,500 companies, as the global coronavirus outbreak weighs on consumer confidence and business productivity.
Registration, licensing and related administrative functions at the DP World-owned Jebel Ali Free Zone (Jafza) have been cut by 50% to 70%, it said in a statement.
Jafza is one of many specialised ‘free zones’ in the United Arab Emirates where companies can be 100% foreign owned and benefit from some tax exemptions.
The Middle East’s biggest transshipment port, Jebel Ali Port, is adjacent to the free zone and operated by DP World.
No comments:
Post a Comment