A Guide To The Relief And Stimulus Measures Offered For Businesses In Dubai Amid The COVID-19 Crisis – Entrepreneur

A Guide To The Relief And Stimulus Measures Offered For Businesses In Dubai Amid The COVID-19 Crisis – Entrepreneur

A look at the support being given to businesses in Dubai over the course of the COVID-19 crisis.









June

24, 2020



15+ min read











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Given the economic slowdown caused by the COVID-19 pandemic, businesses in Dubai have been subjected to a variety of relief measures and stimulus packages from both government and commercial entities in the Emirate and the UAE to help them during this crisis--scroll down this post for more details on each of them. 

H.H. Sheikh Hamdan releases an AED1.5 billion economic stimulus package At the very outset of the COVID-19 crisis in the UAE in mid-March 2020, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, released a AED1.5 billion economic stimulus package for businesses for the following three months. Developed by Dubai Government, the stimulus package includes 15 initiatives focused on the commercial sector, retail, external trade, tourism, and the energy sector. These include:

- Nine initiatives for the commercial and business sector, which include a freeze on the 2.5% market fees levied on all