Wednesday 5 August 2020
 
»
 
»
Story

UAE Cabinet nod to 20pc cut on businesses' utility bills

ABU DHABI, March 26, 2020

The UAE cabinet chaired by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved a series of decisions that benefit subscribers of the Federal Authority of Water and Electricity (Fewa), and seeks to support retails, hotels and industrial sectors. 
 
The move comes as part of the UAE’s efforts to support businesses affected by the Covid-19 pandemic.
 
The cabinet approved a decision to reduce water and electricity bills of shopping malls, commercial shops, hotels, hotel apartments, and plants, by 20 per cent for a period of three months starting from April. 
 
These commercial and industrial facilities will also benefit from a six months payment deferral of water and electricity connection’s installments, and three months freeze of service reconnection fines, which varies from Dh3,000 to Dh5,000, starting from April; in addition to waiver of the 20 per cent electricity connection’s administrative fees for three months effective next month.
 
Earlier this week, the cabinet approved Dh16 billion additional economic stimulus to support the local economy, in addition to the stimulus packages announced by Abu Dhabi, Dubai and the Central Bank, which amount to a total of Dh126.5 billion.-TradeArabia News Service



Tags:

More Construction & Real Estate Stories

calendarCalendar of Events

Ads