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ABU DHABI / WAM
Humaid Matar Al Dhaheri, Group CEO of Adnec, has praised UAE Cabinet decision pertaining to VAT on exhibitions and conferences, inviting all public and private sector firms, partners, event organisers and specialised associations, to make optimum use of such initiative. He further said that it will consolidate their presence in the UAE by strengthening the existing exhibitions and conferences portfolio and attracting and conducting new events.
“Our wise leadership has always been keen to support several national institutions and constantly aiming to drive the development of various economic and social sectors for the benefit of the country and its citizens, which is reflected in enhancing the emirate’s position globally and making it an ideal destination for hosting international conferences, exhibitions and events,†he said in a statement.
“The decision to refund Value Added Tax (VAT) by institutions working in the exhibitions and conferences sector will significantly enhance the competitiveness of the industry and increase the capacity to attract niche global events, exhibitions and conferences,†he added.