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18 May 2024

RAK, Fujairah for levy on natural products resources

By Wam

The Governments of Ras Al Khaimah and Fujairah are planning to impose an environmental levy on all their natural resources products as part of legislation to support their policies to reduce environment pollution, increase environmental awareness and to contribute to the sustainability of industries exploiting natural resources.

Dr. Saif Al Ghais, Executive Director of Ras Al Khaimah's Environment Protection and Development Authority said the measure seeks to make a contribution towards the necessary measures to implement environmental policies in the two emirates, with the aim of reducing pollution, protecting the environment and supporting development and infrastructure projects in the environmental context.

Saif Al Afkham, Chairman of the Board of the Fujairah Natural Resources Corporation, said the introduction of the tariff will contribute to the funding of environmental awareness and of technological and industrial initiatives to promote conservation of the environment. He added that a systematic regulatory regime will be introduced and implemented to obtain the maximum benefits from the new levy.

He said that the new levy will also help increase awareness of companies and the public at large about the negative impact of activities that cause harm to the environment.