In a significant move to bolster the private sector and mitigate the challenges posed by ongoing infrastructure developments, Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has announced a two-year exemption from commercial licence fees for businesses in the Al Riffa and Al Jazeera Al Hamra areas. This initiative underscores the government’s commitment to fostering a resilient and competitive economic environment while ensuring the continuity of local enterprises. The Ras Al Khaimah Department of Economic Development emphasized that this decision aligns with the leadership’s vision to empower businesses, enhance economic confidence, and stimulate growth across the Emirate. By alleviating financial burdens on businesses affected by construction works, the government aims to strengthen Ras Al Khaimah’s position as a regional business hub and promote sustainable development. This strategic measure reflects the UAE’s broader efforts to support the private sector and create a conducive environment for economic prosperity.
UAE: 2-year licence fee exemption for businesses amid infrastructure works in some RAK areas
