Dubai has unveiled an incentive package worth Dhs1.5b to support businesses in the Emirate to help counter the impact of the COVID-19 outbreak. The economic stimulus package seeks to enhance liquidity in the market by reducing certain fees. The package amongst others, focuses on the commercial sector, retail, external trade, tourism and energy. The 15 measures are proposed to be introduced with immediate effect and will be valid for the next three months. The impact of these measures on the economic situation will be revisited at the end of three months. The highlights of the package are as below:
For citizens and residents:
For local businesses:
For tourism sector:
For commercial and business sector:
For external trade:
Source of information: public (collated from local newspapers and websites)
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