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In its continuous efforts to encourage investment and support the economy in the Emirate, the Government of Abu Dhabi have launched a total of 16 initiatives under “Ghadan 21” which may substantially benefit SMEs, current investors and startups. Although these initiatives have been published by way of announcement rather than law or decree, the announcement stated that these initiatives will be enforced with immediate effect.
Also included are water and electricity subsidies for citizens, and commercial and industrial activities, as well as all exemption of vehicles from road tolls until the end of 2020.
According to the announcement, these initiatives are as follows:
These exemptions are valid until the end of 2020.
Given that the announcement was published on 16 March 2020, the mechanism through which these initiatives will be implemented is still unclear. Furthermore, it is also unclear whether or not a law or decree will follow to provide further details on the implementation requirements of these initiatives.
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