Abu Dhabi Chamber exempts members who have been in arrears for 24 months and over delay penalties

MEDIA, Abu Dhabi, August 6, 2018 (WAM)

Abu Dhabi Chamber of Commerce and Industry (ADCCI) issued a decree exempting private sector companies from the Abu Dhabi Chamber of Commerce and Industry (ADCCI). Mohammed Hilal Al Muhairi, Director General of Abu Dhabi Chamber, said that the decision comes within the framework of the community initiatives implemented by the Chamber during 2018 on the occasion of the “Year of Zayed”. In response to initiatives launched by several institutions and institutions in the UAE, . The decision reflects the rapid response of institutions supporting the economic sectors in Abu Dhabi, particularly the Abu Dhabi Chamber of Economic Initiatives launched by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, , And reduce the cost, and harness all the possibilities to facilitate the practice of business and investment in various fields, to contribute to the global competitiveness indicators, and remain within the highest international rankings in the ease of doing business. Al Muhairi explained that the Abu Dhabi Chamber’s decision to exempt the Abu Dhabi Chamber would reinforce the Abu Dhabi Government’s strategy to help companies correct their situation by reducing the financial burden of delaying renewals. Which will strengthen the position of Abu Dhabi on the map of investment locally, regionally and globally and establish a competitive investment environment, especially in the light of developments in the global economy, which requires governments to take initiatives that will enhance the economic environment.