Dubai Executive Council cancels 19 aviation related fees
Dubai’s Executive Council has approved a spate of proposals to slash fees in aviation among other key sectors as Dubai looks to accelerate its economic stimulus efforts.
Chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, the meeting yesterday took note of a number of proposals and approved suggestions that will look to provide a stimulus to Dubai’s economy.
Decisions taken included a slashing of government fees to reduce the cost of doing business in Dubai and boost investments into various sectors of the economy.
Aviation was singled out by the Crown Prince on Twitter as one of these key sectors.
“In order to develop Dubai's aviation sector, we are cancelling 19 fees related to the aviation industry and to aircraft landing permits ... Dubai is a global hub for the industry and our hard-won position in this sector needs to be strengthened,” he said.
In order to develop Dubai's aviation sector, we are cancelling 19 fees related to the aviation industry and to aircraft landing permits ... Dubai is a global hub for the industry and our hard-won position in this sector needs to be strengthened.— Hamdan bin Mohammed (@HamdanMohammed) June 6, 2018
Although no details were given on the specific fees to be reduced or cancelled, it was reported last month that the Dubai Civil Aviation Authority (DCAA), which oversees all aviation-related activities in the emirate, was considering reducing fees as part of the government's initiative to make the emirate more competitive.
At that time, fees relating to issuance of licences and no objection certificates issued to customers and stakeholders with regard to aviation activities such as aircraft manufacturing, aircraft parts manufacturing and trading in spare parts, were singled out.
Dubai’s aviation sector supports more than 250,000 jobs and contributes more than US $22 billion (Dh80.74bn) to the local economy, according to Oxford Economics, which says the industry will be worth US $44.5bn by 2020.