Dubai supports the economy with 315 million dirhams

The Emirate of Dubai approved the fifth economic stimulus package, worth 315 million dirhams, bringing the value of the economic packages provided to 7.1 billion dirhams.

According to Arabiya Net, the Crown Prince of Dubai, Sheikh Hamdan bin Mohammed, said in a tweet on Twitter today, Wednesday, that Dubai continues to implement everything necessary to enhance the ability of all sectors to bypass Effects of the global crisis.

The new package includes exemptions and extensions of previous initiatives, with the aim of generating interest in all sectors, and enabling various economic activities to skip the current stage to resume the comprehensive development process with a solid partnership between the two government sectors And your. The Crown Prince of Dubai affirmed that work should be done to monitor the upcoming opportunities and to make the most of them.

and in the details of the fifth package, child nursery rents will continue to be reduced by 50%, along with exemption from market fees, and a 50% refund of the hotel sales fee set at 7% And from the tourism dirham fee for non-beach hotels and restaurants operating in them.

The fourth package, worth 500 million dirhams, included exempting advertising companies from advertising permits fees of Dubai Municipality for a period of 3 months, and extending licenses for nursery clinics and health professionals for a period of 6 months .

The fourth package included reducing the rent by 50% for nurseries on the lands belonging to the Knowledge Fund Foundation, exempting special immunities from commercial license renewal fees, and supporting the taxi sector through modification Calculating the franchise allowance to enhance financial liquidity.

And last July, Sheikh Hamdan announced a new stimulus package worth 1.5 billion dirhams ($ 408 million) to help the emirate's economy overcome the effects of the Corona pandemic.

and mentioned at the time: Today we approved a new stimulus package worth 1.5 billion dirhams, bringing the total incentive packages to 6.3 billion dirhams .. We aim to enhance the liquidity of companies, support the continuity of their business and reduce Cost of doing business and facilitating procedures.