Aldar increases support to communities and businesses to Dh190m – The National

Aldar increases support to communities and businesses to Dh190m – The National

Aldar increases support to communities and businesses to Dh190m. The company has already committed to pay Dh4 billion to its contractors, suppliers and consultants in 2020. Aldar Properties, the biggest listed developer in Abu Dhabi, is increasing its support to property, education and retail customers to Dh190 million as it looks to supplement the government's efforts to blunt the impact of coronavirus on the emirate's economy.. The developer, which already set aside Dh4 billion to make sure its contractors, suppliers and consultants are paid on time, said it separately launched several support initiatives across its development and asset management businesses.. The number of economic incentives by UAE federal and emirate governments to help the national economy deal with the fallout from the coronavirus outbreak exceeded 100 in a span of just 45 days, the Federal Competitiveness and Statistics Authority said in an April 20 statement.. The Abu Dhabi government has launched its own package of financial incentives in coordination with local banks and the emirate's departments of Finance and Economic Development.. Aldar said its measures are aimed at supporting residential communities, schools, retail partners, and homebuyers in the capital.. It introduced a series of initiatives worth Dh60m, aimed at helping