The Ministry of Industry, Commerce and Tourism (MoICT), in cooperation with BENEFIT, has recently announced a new service to pay bills for renting industrial plots affiliated with the Ministry through the “Fawateer" service via the BenefitPay app, through which the Ministry aims to facilitate the procedures for paying bills for renting industrial plots in an easy and flexible manner.
This step comes as part of the Ministry's endeavors to employ technology to facilitate many services for companies and factories located in industrial areas. The new service will enable investors to pay bills for renting industrial plots through the “Fawateer" service on BenefitPay, and it will require the plot number the tenant wishing to use this service to pay the amount owed through a simple step.
On the occasion, Mr. Khalid Fahad Al Alawi, Assistant Undersecretary for Industry Development, stated: "The partnership of the government sector with the private sector is a strategic partnership that aims to improve and automate government services as part of the Ministry's vision towards digital transformation to serve investors and companies in the industrial sector, which falls among its priorities. This initiative and partnership with a reputable institution such as BENEFIT contributes to the development of everything related to the Ministry's payments in general. Industrial investors can now complete the process of paying industrial services rental bills with the a simple click."
On his part, Mr. Yousif Al Nefaei, Deputy CEO of Business Development and Financial Services at BENEFIT, said: "The industrial sector and many other sectors face many challenges regarding collections and payments but there are also huge opportunities when it comes to automation and innovative services for those processes in general. It has become clear that partnerships are the key to joining the wave of change and reaching the next evolution in the world of payments, which must be driven by partnership. At BENEFIT, we have a vision to take the lead in digital transformation and contribute to the creation of an innovative and cohesive ecosystem for consumers, businesses, investors and all stakeholders."
It is worth mentioning that the service of paying bills for renting industrial plots is the first service launched by the Ministry of Industry, Commerce and Tourism through the Fawateer platform. It is hoped that similar services will be launched for other sectors due to the its advantages; being free, safe, easy to use and saving time and effort.
