The decision by the UAE Cabinet is part of the government’s efforts to support businesses affected by the COVID-19 pandemic/Bloomberg
by Kudakwashe MuzoriwaThe UAE Cabinet has approved the reduction of water and electricity bills for commercial and industrial facilities by 20 per cent for three months from April 2020, according to local newswire, WAM.
The decision by the UAE Cabinet is part of the government’s efforts to support businesses affected by the COVID-19 pandemic.
Moreover, these commercial and industrial facilities will also benefit from six months payment deferral of water and electricity connection’s instalments, and three months freeze of service reconnection fines, which varies from AED 3000- AED5000, in addition to waiving the 20 per cent electricity connection’s administrative fees for three months effective from April 2020.
Recently, the cabinet approved AED 16 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 AED 126.5 billion.
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