Sharjah announces 50% discount on deposit amount for residential and commercial entities - GulfToday

Sharjah announces 50% discount on deposit amount for residential and commercial entities

Well-deserved honour for Sharjah

A bird's eye view of Sharjah. File

Gulf Today, Staff Reporter

The Sharjah Electricity, Water and Gas Authority (Sewa) announced that the deposit amount of new consumption accounts for residential projects for individuals and economic, commercial and industrial establishments would be reduced by 50 per cent with the aim of supporting all sectors to overcome the economic and social impact resulting from COVID-19 repercussions.

The decision comes in implementation of the kind directives of His Highness Dr. Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah.

Sheikh-Sultan-750 Sheikh Sultan Bin Mohammed Al Qasimi.

The incentives offered by the Government of Sharjah to all sectors contribute significantly to alleviating the crisis and overcoming the challenges faced by these sectors, Saeed Sultan Al Suwaidi, SEWA Chairman, said, noting that Sewa would continue to provide incentives over the coming months until the crisis is finally overcome.

Al Suwaidi affirmed that the decision to reduce the deposit aims at encouraging investment, increasing the competitiveness of all sectors and easing the burden of Sharjah inhabitants.

He pointed out that SEWA always seeks to strengthen the relationship with customers and identify their requirements, adding that Sewa has many community initiatives that can benefit all sectors such as ‘Consult me before you start’ and ‘Energy Efficiency and Leak Detection.

He pointed out that the incentives provided by Sewa to individuals’ accounts included reducing the deposit by 50 per cent for villas and apartments, provided that the deposit is no less than Dhs1000.

Sharjah-view A bird's eye view of Sharjah. File

As for the accounts of commercial and industrial establishments, the deposit amount will be reduced by Dhs1000 for the deposits ranging from Dhs2,000 to Dhs5,000.

The deposit amount for the new accounts ranging between Dhs5001 to Dhs10,000 will be reduced by Dhs2,000, while the deposit in excess of Dhs10,001 will be reduced by Dhs3,000, he said.

Meanwhile, Hamed Tahir Al Haj, Customer Service Manager at Sewa, explained that the new incentives included also the payment of the deposit in installments.

Deposits between Dhs2,000 and Dhs5,000 can be paid in 3 monthly installments, while those between Dhs5,001 and Dhs10,000 can be paid in 4 monthly installments, he said.

Deposits between 10,001 and Dhs100,000 can be paid in 5 monthly installments, while those in excess of Dhs100,000 can be paid in 6 monthly installments, he added.

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