The initiatives included in the stimulus package approved by HH Sheikh Hamdan include exempting commercial establishments and hotels that did not benefit from the reduction in previous packages launched in 2020 from the market fees one time during 2021. His Highness directed that non-beach hotels and their restaurants are refunded 50% from the hotel sales fee as well as the Tourism Dirham Fee.
In the tourism, entertainment and events sector, the exemption from the fees charged for postponement and cancellation of recreational and sports events and activities, including conferences and exhibitions, has been extended. The new package also extends the freeze on fees charged for ticket sales, issuing permits and other government fees imposed on entertainment and business events.
As per the approved initiatives, commercial licenses can still be renewed without mandatory renewal of lease contracts. The package also includes extending the cancellation of the 25% down payment requirement for accepting installments of licensing fees and license renewal on a monthly basis. Additionally, nurseries leasing land lots from the Knowledge Fund Establishment will continue to benefit from the 50% reduction in land rent.