Abu Dhabi’s Khalifa Industrial Zone KIZAD will waive charges for three quarters of its services to encourage investment in the emirate.
Fees for a number of the remaining services will also be reduced and streamlined to a simpler tariff structure.
KIZAD is home to firms operating in a wide array of sectors, including energy and metals.
Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, said: “We continue to support the government initiatives to build an investor-friendly environment by providing our partners and customers with the incentives they need for their businesses to thrive and grow.
“We are committed to Abu Dhabi’s drive to become a global gateway for businesses from all parts of the world.
“The cost of setting up and maintaining a successful business at KIZAD is more achievable now than ever before. It is an ideal opportunity for companies of all sizes to benefit from such incentives for either growing their business or entering new markets.”
To date, the zone has attracted more than 500 investors and in excess of $17billion in investment.