( Dubai Executive Council Meeting)

The UAE approves AED 1 billion in economic support for Dubai's sector

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defense, and Chairman of the Dubai Executive Council, affirmed that the UAE has established, over decades, a robust global model for comprehensive development. This model is characterized by positivity and continuity in building, engaging individuals, families, and the community in the development process and the realization of aspirations.

He explained that this model combines economic diversification and investment attraction to transform strategic visions into tangible realities. It is based on solid foundations, strong pillars, and flexible policies, making the UAE stronger, better, and more beautiful, regardless of changing circumstances.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum explained, "Dubai has built a distinguished relationship based on credibility, transparency, and mutual trust with its citizens, residents, visitors, and investors across all sectors. The promising opportunities in various sectors in Dubai are based on its strong model and will continue to attract those who are confident in its ambitious and forward-looking path."

The Crown Prince of Dubai said: “We have integrated local capabilities, immense human resources, and well-established strategic plans that enable us to respond to various circumstances. We are continuing to develop and implement strategic and governmental plans, as well as economic and social agendas that serve all segments of society and maintain Dubai’s leading position among global cities in inclusive development that views challenges as opportunities to achieve aspirations.”

He approved AED 1 billion in support for Dubai’s community and economy for a period of three to six months, covering several vital sectors. He said: “We have approved AED 1 billion in economic support. In these exceptional circumstances, the Dubai government is supporting individuals, families, and businesses to overcome these challenges.”

At the corporate level, the measures include postponing the payment of a range of government fees for three months to ease the financial burden on companies and enhance their liquidity. The postponed fees include three Dubai Municipality fees (employee and worker housing allowance fees.

public cleaning service fees, and service improvement fees) and fourA Department of Economy and Tourism fees (license fees for optional applications such as foreign names, amendment fees, fees for advertising commercial licenses and their amendments, and local fees on commercial licenses).

The measures also support the tourism sector by postponing the collection of hotel sales tax, allowing hotels to defer 100% of payments collected from guests for three months, and by postponing the collection of the tourism dirham, allowing hotels to defer 100% of payments collected from guests for three months.