New decree to exempt cement, reinforced steel from custom duties
Vice President, Prime Minister of UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum, issued a decree, exempting cement and reinforced steel from custom duties until further notice.
Sheikh Mohammed issued the decree to keep the momentum of property development investment, which constitute an important component in the economic boom in the UAE. He instructed the Dubai Customs Authority to implement the decision with immediate effect.
As per this move, contractors and property owners will be allowed to import these two items without any restriction in order to allow them overcome the soaring prices in this respect. (WAM)
Sheikh Mohammed issued the decree to keep the momentum of property development investment, which constitute an important component in the economic boom in the UAE. He instructed the Dubai Customs Authority to implement the decision with immediate effect.
As per this move, contractors and property owners will be allowed to import these two items without any restriction in order to allow them overcome the soaring prices in this respect. (WAM)
No comments:
Post a Comment