UAE’s stimulus package to benefit entire community – ZAWYA

UAE’s stimulus package to benefit entire community – ZAWYA

The initiatives include allocating Dh5 billion to subsidise water and electricity for citizens, and commercial and industrial activities.. Subsidising electricity connection fees for startups until the end of this year and exempting all commercial and industrial activities from real estate registrations are also part of the initiatives.. "As an avid driver who tests cars for a living and spends more time on the road than in an office, I am delighted to hear that the government's stimulus package includes relief from traffic tariffs and road tolls.. Mohamed Suhaib, managing partner, Fresh Bite Paprika Restaurant, termed the announcements a 'fantastic opportunity' for SMEs.. Overall, these are good moves to improve business sentiments," the Sri Lankan expat said.. Double delight measures include no tourism and municipality fees for tourism and entertainment sectors.. " the initiatives will undoubtedly make a positive impact on the economy and drive economic growth, especially as they exempt potential investors from certain fees, incentivising them to launch new services or major projects at the lowest cost.". We are hopeful that the situation will get better soon and believe the new set of initiatives have been carefully thought through and will help the tourism sector to get back on