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FinancialNews


  • 28-11-18

    Abu Dhabi transport reduces fees for investment rush

    (MENAFN) Abu Dhabi's Department of Transport will be cutting several of its fees, aiming to lure further investments.

    The move, declared on Tuesday, is also aiming to strengthen the development of economy in the capital of the UAE.

    The plan is in line with an economic strategy the Abu Dhabi government set out to keep its sustainable growth within various areas.

    The announcement was made in a statement issued by the Department of Transport and cited by WAM news agency.

    The department confirmed that "this step will save up to 1.5 billion dirhams (405 million U.S. dollars) on the developers."

    It further added: "this will enhance the companies' capabilities and improve the quality of services offered to the society according to the best practices. It will contribute to supporting the local economy and increase the level of customers' satisfaction."

    MENAFN2811201800450000ID1097756488

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