Ras Al-Khaimah Economic Zone (RAKEZ) has launched customized bundles of incentives with a total value of 50 million dirhams ($13.6 million) to ease the impact of the current global situation for its family of more than 15,000 companies and reinforce their business continuity. The incentives comprise various discounts on fees, waiver of penalties and fees as well as flexible installment options.
“Our clients are at the heart of everything we do, and now more than ever, we are here for them,” said Sheikh Ahmed bin Saqr Al-Qasimi, chairman of RAKEZ. “We understand that these uncertain times present unique challenges to different businesses, so we decided not to rush and launch unevaluated incentives. Instead, we took the time to study the situation from our clients’ perspective — what challenges each sector is facing and how we can lessen their burdens. With the allocation of this 50 million dirhams support fund, we make it possible to customize bundles of benefits based on each clients’ need to boost their business stability.”
Our aim is to make sure that when this situation ends, we come out stronger together and ready to bounce back.”
Under the allocated fund, the economic zone has introduced Client Support Boosters for the SME and the industrial sectors, offering various incentives and the agility to customize solutions based on its clients’ needs.