Ras al khaimah: H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has announced a two-year exemption from commercial licence fees for businesses impacted by ongoing infrastructure works in the Al Riffa and Al Jazeera Al Hamra areas.

According to Emirates News Agency, this initiative underscores Sheikh Saud's commitment to supporting business owners and enterprises while ensuring the continuity of their operations. The decision also highlights the government's efforts to mitigate the effects of development projects, bolster the private sector, and promote a sustainable and competitive economic environment. This initiative aims to enhance Ras Al Khaimah's standing as a regional business hub.

The Ras Al Khaimah Department of Economic Development stated that this decision reflects the leadership's vision to empower local businesses, instill confidence in the economy, and stimulate growth across the Emirate. The exemption is seen as a strategic move to support the economic landscape amid ongoing infrastructure advancements.