Beta Launch Wednesday, 17 July 2019
Global Dow 3.79
2,835.68 0.13%
27 August 08:59 PM
S&P 500 4.08
2,443.05 0.17%
25 August 05:03 PM
EGX 23.25
12,949.65 0.18%
27 August 12:00 AM
TDWL -20.48
7,225.18 -0.28%
27 August 12:00 AM
DFM -21.94
3,602.55 -0.61%
27 August 12:00 AM
ADX -13.82
4,479.99 -0.31%
27 August 12:00 AM

ADDED resolution allowing addition of commercial activities

Move aims to enhance the industrial sector’s role in economic development  

 The Abu Dhabi Department of Economic Development (ADDED) has announced the issuance of a new resolution that now allows licensed industrial companies in the emirate to add commercial and service activities to their existing licenses. The move is part of ADDED’s strategy to enhance the key role of the industrial sector in the move to achieve Abu Dhabi’s economic prosperity and  expand investment activity to gain more value for the segment, which is being viewed as a key driver in  the emirate's economic development process.  

H.E. Saif Mohamed Al Hajeri, Chairman, ADDED, said: “This newly issued resolution is an affirmation of the department's strong seated commitment towards implementing the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to enhance the local industrial sector’s key role in providing much needed support to the emirate's investors, attracting more investments and helping achieve economic diversification.”

“The resolution demonstrates our keenness to bring further development to the business sector, opening and providing more job opportunities within the industrial sector and increasing the revenue of these industrial enterprises, which in turn, will allow them to expand their business and investments by adding a number of specific commercial and service activities to their license,” added Al Hajeri. 

H.E. further emphasized on ADDED’s proactive role in adopting economic policies and strategies that contribute to achieve Abu Dhabi government’s vision to enhance its position as a global destination for investment and economic activities across various sectors.

Administrative resolution Number 70 of 2019, which was issued by ADDED, allows industrial establishments in Abu Dhabi to add some of the commercial or service activities that support the licensed industrial activities, including sales, installation, design, distribution, transportation, maintenance, import, export, management and operations, warehousing, consultancy, studies and research in the fields of natural and engineering sciences, and services offered by offshore and onshore oil & gas fields and facilities. 

The resolution aims at expanding the services sector in Abu Dhabi, which encourages industrial enterprises to expand their activities to achieve more profits. The issuance of the new resolution is being expected to contribute to the provision of industrial products at the lowest prices, by enhancing the competitiveness among different workers in similar industries within the sector.

The resolution also stipulates that industrial companies wishing to add any of the mentioned activities are enjoined to comply with the regulations related to the added activity according to the requirements of the competent authorities; readiness of the factory site to include this new activity regarding having a sufficient space and the non-interference between the production lines and the display area. 

 

 

COMMENTS

There are no comments yet

LEAVE A COMMENT

Share with

My Account

Forgot password?

Create An Account

Forgot password?

Restore password

Subscribe to read
Already subscribed? Click here

For a limited time!
12 Months = 15 Months
24 Months = 32 Months
(Included Postal Fees worldwide)

Read, Explore Opportunities
Be connected with Business, Investment, Finance, Stock Exchange, Currencies, Development and International Cooperation

3 Months

18 USD / 60 AED

English Edition

Subscribe

3 Months

18 USD / 60 AED

Arabic Edition

Subscribe

3 Months

29.9 USD / 99 AED

Both Editions

Subscribe

6 Months

36 USD / 120 AED

English Edition

Subscribe

6 Months

36 USD / 120 AED

Arabic Edition

Subscribe

6 Months

59.9 USD / 199 AED

Both Editions

Subscribe

12 Months

72 USD / 240 AED

English Edition
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

12 Months

72 USD / 240 AED

Arabic Edition
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

12 Months

122 USD / 408 AED

Both Editions
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

24 Months

144 USD / 480 AED

English Edition
Amazing Deal!
(32 Months instead of 24 Months)

Subscribe

24 Months

144 USD / 480 AED

Arabic Edition
Amazing deal!
(32 Months instead of 24 Months)

Subscribe

24 Months

240 USD / 799 AED

Both Editions
Amazing deal!
(32 Months instead of 24 Months)

Subscribe
* Terms and conditions apply.