Umm Al Quwain’s risk reduction measures are driving the economic recovery after the COVID-19 pandemic. For more than 7,000 investors from large, medium, small, and micro-projects in the Umm Al Quwain Free Trade Zone, which is one of the fastest free zones Growth in the Middle East and North Africa.
Umm Al Quwain Free Trade Zone Authority took a series of measures in late March 2020 to ensure the continuity of the business of its current investors in the wake of the COVID 19 pandemic. These measures have helped many small, medium, and micro-projects operating in the free zone to overcome the severe challenges of poor flow cash in the months after the epidemic spread, enabling it to maintain its workforce and sustain its business. Creative incentives, which included temporary rent exemptions, extended licensing periods, and reduced service fees, helped companies reassess their status and take off again to counter the pandemic’s impact on their business.
Commenting on this economic response, Sheikh Khalid bin Rashid Al Mualla, Chairman of Umm Al Quwain Free Trade Zone Authority, stated that: Sustainability in the face of this unprecedented crisis is what any investor needs now. In this context, the government of Umm Al Quwain is keeping our investor interests in mind, and this is evident in our new business support plan. We express our full support and solidarity with all our investors. ”
A 25% cost-effective business creation package has been designed for new investors to help business enterprises make the best use of their financial resources and look for new opportunities in the evolving market.
E-commerce licenses represent the best value provided by Umm Al Quwain Free Trade Zone, another excellent investment opportunity for business circles wishing to enter electronic markets via the Internet. It helps new companies search for a business model with secure assets to build their business ventures without risk.
With these proactive policies, businesses can reduce the costs of their capital expenditures, adhering to the minimum levels of required liquidity and protecting their long-term solvency.
