Qatar extends incentives for private sector affected by Covid-19 pandemic
Date
9/16/2020 10:01:39 AM
(MENAFN- The Peninsula) In the implementation of the directives of the Amir HH sheikh Tamim bin Hamad Al Thani to support and provide financial and economic incentives amounting to QR 75 billion for the private sector affected by the precautionary measures aimed at addressing the COVID-19 pandemic, and in accordance with the directives of His Highness to overcome all difficulties and obstacles facing the private sector, Prime Minister and Minister of Interior HE Sheikh Khalid bin Khalifa bin Abdulaziz Al-Thani directed during the regular cabinet meeting held at the Amiri Diwan today that:
- The exemption of food and medical goods from customs duties will continue for an additional three months. This should be reflected in the selling price to the consumer.
- The exemption from electricity and water fees will continue for an additional three months for the following sectors: the hospitality and tourism sector, the retail sector, the small and medium industries sector, the commercial complexes in exchange for providing services and exemptions to tenants, and the logistic areas.
- The exemption from rents for logistic areas and small and medium industries will continue for a period of three months.
- The ceiling of the National Guarantee Program that is managed by Qatar Development Bank will be increased from QR 3 billion to QR 5 billion, in addition to extending the program for an additional three months. Qatar Development Bank will issue the necessary controls and conditions for this
- The automatic renewal of expired licenses and commercial registrations will continue for an additional three months, provided that the fees due are paid later.
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