The fifth package takes the total economic stimulus from the government of Dubai to 7.1 billion dirhams since March 2020
Dubai announces new stimulus package
Gulf emirate launches fifth economic stimulus package to help economy cope with effects of coronavirus pandemic.
Wednesday 06/01/2021
The fifth package takes the total economic stimulus from the government of Dubai to 7.1 billion dirhams since March 2020
DUBAI - The Emirate of Dubai has announced a new stimulus package worth 315 million dirhams ($86 million) to help the economy cope with the effects of the coronavirus pandemic.
“The package, its fifth, takes the total economic stimulus from the government of Dubai, part of the United Arab Emirates, to 7.1 billion dirhams since March last year,” Dubai Crown Prince Sheikh Hamdan bin Mohammed said on Twitter.
“The new package includes exemptions and extensions of previous initiatives .. Our goal is to spread the benefit to everyone and enable various economic activities to overcome the current period to resume the comprehensive development process with a solid partnership between the government and private sectors ... through which we work together to monitor future opportunities and make the most of them,” he added.