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About fifty investors who are half of the investors in the \u201cMotor World\u201d project stopped paying the annual rent and they also declined to renew the commercial licenses of their exhibitions which caused the accumulation of rents and late fines for renewal in addition to the end of some employees\u2019 residences in those exhibitions, this was a qualitative escalation for the complaints of traders that were pursued by the \u201cUnion\u201d more than once. Some investors and traders in a meeting with the \u201cUnion\u201d said that the problems they faced since moving from the city of Abu Dhabi are \u201cworsened and became unbearable\u201d as they described where they explained that their efforts to reach some solutions away from the bankruptcy are not working and they described the response of the authorized bodies in \u201cALDAR\u201d company and the Department of Economic Development as \u201cmodest\u201d. They mentioned about twelve problems that contributed to the problem of reducing the size of their business by 900 percent.<\/p>\n
The \u201cMotor World\u201d area is located in the south-west of Abu Dhabi International Airport in Alshameha area and the total area\u2019s size \u200b\u200bis about three million square meters that provides around 2,700 parking places. Traders affirmed that they have decided to stop paying the fees until they get radical solutions to the problems they face despite the announcement of \u201cALDAR\u201d company to reduce the rents by 30 percent. They pointed to their significantly losses during the past period of their work due to the lack of the most important services and facilities where the authorized bodies promised them to provide these facilities at the project\u2019s site.<\/p>\n
The traders selected twelve problems where if the authorized bodies solve them, this will help to overcome the crisis and stop the losses bleeding beginning with solving the problem of isolation and away from the vital places and freezing the rental fees for the showrooms and exhibitions in addition to providing a center for vehicle\u2019s<\/a> registration and another one for the examination plus attracting branches of the insurance companies in the vicinity of the project site. The investors called the authorized bodies to provide Mosque and retail shops in the project area in addition to provide direct entrances to the project site instead of the existing entries which are not clear as they said. The exhibitions\u2019 owners said that the high value of the exhibitions\u2019 operational cost does not threaten their trade only but extends its impact on their personal lives even after accumulation of loans and financial obligations on them.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" About fifty investors who are half of the investors in the \u201cMotor World\u201d project stopped paying the annual rent and they also declined to renew the commercial licenses of their exhibitions which caused the accumulation of rents and late fines for renewal in addition to the end of some employees\u2019 residences in those exhibitions, this …<\/p>\n