Dubai South rolls out economic stimulus package – The National

Dubai South rolls out economic stimulus package – The National

Dubai South rolls out economic stimulus package. Companies at Dubai South Business Park can apply for a six-month rent deferral. The Dubai South free zone incorporating the city's Al Maktoum International Airport is rolling out a series of measures including fee waivers, reductions and instalment plans as part of a stimulus package aimed at companies hit by the economic fallout from the coronavirus pandemic.. The 45 square kilometre free zone, which features aviation, logistics and e-commerce districts, is offering a deferral of up to six-months for qualifying firms on rental payments at its business park, flexible payment plans and a 20 per cent reduction on licence renewals.. New companies in the aviation, logistics and e-commerce markets looking to set up within the zone will also have their first-year licence fees waived.. "Dubai South is proud to be part of the emirate's overall value proposition and we are keen to enhance its competitiveness and attractiveness to ensure it can attract more domestic and foreign direct investment," said Sheikh Ahmed bin Saeed Al Maktoum, president of the Dubai Civil Aviation Authority and chairman of Dubai Airports.. The International Air Transport Association has forecast airlines could lose $314 billion (Dh1.15 trillion) in passenger