Khalid Omar Al Midfa: SEC incentives promote investment projects

  • Wednesday 01, April 2020 02:47 AM
  • Khalid Omar Al Midfa: SEC incentives promote investment projects
Sharjah24: Dr. Khalid Omar Al Midfa Chairman of Sharjah Media City (Shams), valued the incentives package launched by the Government of Sharjah under the directives of His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, with the aim of supporting governmental and private entities, business sectors and individuals, focusing on the most important and vital development sectors.
He pointed out that these incentives will contribute to mitigating the consequences of the spread of the Coronavirus on the local economy of the emirate, and will work to promote commercial and investment projects, and get them out of this sensitive period with minimal losses.

Al Midfa explained that the discounts and facilities that are included in the package would give all project owners the energy and hope to continue the business without interruption or damage, as well as growth and development, noting that the companies operating in the free zones are exempt from fines for delaying the renewal of licenses, which will support them and relieve them of a large part of the consequential financial burden.