Water and electricity bills for businesses in the UAE are to be reduced by 20 percent for the next three months.
Shopping malls, commercial shops, hotels, hotel apartments and plants will all benefit from the announcement by the UAE cabinet, which is designed to support businesses during the current coronavirus pandemic.
The discount is expected to cost AED86 million.
The listed commercial and industrial facilities will also benefit from six months payment deferral of water and electricity connection’s instalments, and three months freeze of service reconnection fines, which varies from AED3,000-AED5,000, starting from April.
The 20 percent electricity connection’s administrative fees for the three-month period from April has also been waived
Earlier this week, the cabinet approved an AED16 billion additional economic stimulus package to support the local economy, in addition to the stimulus packages announced by Abu Dhabi, Dubai and the Central Bank, which amount to a total of AED126.5bn.