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Dubai feeling generous with AED 315m earmarked for local businessesMENA

Dubai feeling generous with AED 315m earmarked for local businesses

Adding more support to its previous stimulus package, Dubai’s government has announced the fifth cycle of stimulus worth AED 315m.

The AED 315m package extends the validity of initiatives announced in previous rounds and brings the total measure of stimuli offered by the Dubai government in response to the pandemic to AED 7.1b. The current package includes fee exemptions for commercial establishments and hotels, for the period January 2021 to June 2021.

why it matters
Governments worldwide have provided stimulus packages to boost their economies in the wake of COVID-19, and most of them are continuing to issue new rounds of stimulus packages. This new stimulus round by Dubai mainly addresses issues concerning the hotel industry, which is in the middle of its peak tourist season.