Package aligns with Dubai government’s Dh1 billion initiative; Nabil Al Kindi says SMEs are ‘at the heart of Dubai’s economic fabric.’
DUBAI — Dubai South has announced a new support package for small and medium-sized enterprises (SMEs) at its Business Park, offering rent-free incentives linked to contract renewals, enhanced payment deferment flexibility, and the waiver of minor administrative penalties.
The package is designed to provide immediate financial relief to SMEs, many of which are located just minutes from Al Maktoum International Airport. Dubai South said current rental rates will be maintained for eligible renewals during this period, with measures to be evaluated and refined on an ongoing basis to align with evolving market dynamics.
The announcement follows the Dubai government’s recent approval of Dh1 billion worth of initiatives and a set of strategies to defer a range of government fees, to be implemented over the next three to six months. Dubai South’s support package aligns with the emirate’s broader commitment to safeguarding economic stability and supporting businesses across Dubai.
“SMEs are at the heart of Dubai’s economic fabric, and supporting their continuity and growth remains a priority,” said Nabil Al Kindi, Group CEO of Dubai South. “At Dubai South, we remain focused on delivering value-driven solutions that align with the vision of our wise leadership to sustain economic momentum and further strengthen Dubai’s competitive business landscape.”
Business Park, an office hub hosting a number of businesses, will be the primary beneficiary of the package. Dubai South emphasized that the measures aim to provide financial flexibility during a critical period for the SME community.
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