The Abu Dhabi Department of Economic Development (ADDED) has issued a new resolution that now allows licensed industrial companies in the emirate to add commercial and service activities to their existing permits.
Boursa Kuwait is “confident” that MSCI will upgrade it to emerging market status in 2019, according to CEO…416 Views | the publication reaches you by | BG Media London
Saif Mohamed Al Hajeri, chairman, ADDED, said: “The resolution demonstrates our keenness to bring further development to the business sector, opening and providing more job opportunities within the industrial sector and increasing the revenue of these industrial enterprises, which in turn, will allow them to expand their business and investments by adding a number of specific commercial and service activities to their licence.”
Administrative resolution Number 70 of 2019 allows industrial establishments in Abu Dhabi to add commercial or service activities that support the licensed industrial activities, including sales, installation, design, distribution, transportation, maintenance, import, export, management and operations, warehousing, consultancy, studies and research.
The resolution aims to expand the services sector in Abu Dhabi, which encourages industrial enterprises to expand their activities to achieve more profits, WAM said.
It added that the issuance of the new resolution is expected to bring down the prices of industrial products by enhancing competition.
The resolution stipulates that industrial companies wishing to add activities must comply with regulations related to the readiness of the factory site to accommodate extra equipment and staff.
Mondrian Doha, Qatar’s leading destination from global lifestyle hospitality company sbe, is pleased to announce the launch of…762 Views | the publication reaches you by | BG Media London
Do you have information you want to reach our readers?
Doha Film Institute is dedicated to film appreciation, education, and building a dynamic film industry in Qatar that…
Science & Technology