Abu Dhabi has offered restaurants, leisure, entertainment and tourism businesses in the emirate the opportunity to recover 20 per cent of their annual rent in an effort to cushion the economic blow of the Covid-19 crisis on the private sector.
The emirate's Department of Economic Development on Monday said in a tweet that it had set up a new digital service to receive requests for the rebate on commercial properties.
It said that "the refund process has been initiated for the owners of economic licences".
"Up to 20 per cent of the value of the rental contracts of the properties for its commercial facilities will be funded," the department said.
Abu Dhabi, which accounts for about 6 per cent of the world’s proven oil reserves, introduced a number of measures to shore up its private sector after the outbreak of Covid-19.
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Al Wahda mall reopens
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Al Wahda Mall in Abu Dhabi has reopened after a temporary closure to limit the spread of the coronavirus. Victor Besa / The National -
A KFC outlet at Abu Dhabi's Al Wahda Mall has put up a plastic windsheild to step up safety during the coronavirus pandemic. Victor Besa / The National -
Customers are asked not to trial the products at MAC in Abu Dhabi's Al Wahda Mall. Victor Besa / The National -
Visitors are asked to follow social-distancing rules while shopping at Al Wahda Mall in Abu Dhabi. Victor Besa / The National -
A men's restroom at Al Wahda Mall in Abu Dhabi with a signboard asking not to be used. Victor Besa / The National -
An information board for customers on how to pay their bill is displayed at MAC in Abu Dhabi's Al Wahda Mall. Victor Besa / The National -
Trial rooms at MAX cloth store in Abu Dhabi's Al Wahda Mall are closed. Victor Besa / The National -
A safe distance sign on the escalator at Abu Dhabi's Al Wahda Mall. Victor Besa / The National -
Dining tables are spaced at least two meters apart at Abu Dhabi's Al Wahda Mall food court. Victor Besa / The National -
Dining tables are spaced at least two meters apart at Abu Dhabi's Al Wahda Mall food court. Victor Besa / The National -
Touchscreens of navigation boards are disabled at Abu Dhabi's Al Wahda Mall. Victor Besa / The National -
Thermal scanners are installed at the entrance of Al Wahda Mall in Abu Dhabi. Victor Besa / The National -
Signboards limiting the number of customers allowed into a store have been put up in Abu Dhabi's Al Wahda Mall. Victor Besa / The National
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The emirate introduced a stimulus package in March to mitigate the Covid-19 crisis.
The relief programme includes 16 initiatives to reduce the cost of living and support businesses in the emirate.
Businesses eligible to apply for the rent rebate include restaurants, cafes, cafeterias and takeaway outlets.
The rebate also applies to businesses engaged in leisure, tourism and entertainment activities. Hotels, however, are excluded from the initiative.
The initiative has specific criteria and covers rental contracts signed between October 1, 2019, and March 31, 2020, the department said on its website.
Rental agreements that expire between April 1, 2020, and September 30, 2020, are also eligible.
The refund system is fully automated and companies will receive notification when the rebate has been deposited in their bank accounts, according to the department's website.
