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Home » Breaking: More fee exemptions, rent reductions announced in Dubai – News
Khaleejtimes

Breaking: More fee exemptions, rent reductions announced in Dubai – News

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This is to cope with the impact of the Covid-19 pandemic and expedite economic recovery.

Dubai on Saturday extended its stimulus package by Dh500 million to support the local economy to cope with the impact of the Covid-19 pandemic and expedite economic recovery.

This took the total stimulus package announced by the emirate’s government this year to Dh6.8 billion.

The additional package was announced by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council.

“We are aware of the great challenges that the pandemic has imposed on various economic sectors around the world. Our goal is to overcome all these challenges and accelerate recovery and establish a new phase of economic growth,” said Sheikh Hamdan.

“Private sector is a major partner in Dubai’s development process, and we have adopted a set of new exemptions for some fees and a reduction in rents for some sectors, as well as an extension of the validity of a previous set of exemptions from fees,” he added.

-waheedabbas@khaleejtimes.com





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