Dubai government boosts economic stimulus by a further Dh1.5bn – The National

Dubai government boosts economic stimulus by a further Dh1.5bn – The National

Extension of fee reductions brings the total amount of support so far to Dh6.3bn

















Dubai Municipality fees and tourism fees charged on hotel stays are being halved until the end of 2020. Reem Mohammed / The National







The Dubai government announced a further Dh1.5 billion worth of economic stimulus measures on Saturday, bringing the total so far to Dh6.3bn.



The government will extend the reduction of municipality fees paid by hoteliers to 3.5 per cent, from 7 per cent, for the remainder of 2020. It will also continue to halve the tourism fee charged on hotel stays. Both measures were originally announced for a three-month period in March and have now been extended.





"We aim to enhance the liquidity of companies “¦ support the continuity of their business and reduce the cost of doing business,“ Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, said on Twitter.



The Dubai government is also expediting payments to contractors and is returning performance bonds usually set aside until work is completed. These will be replaced "by another system that guarantees all the rights of the contracting parties", Sheikh Hamdan said.



Fees charged to private