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Dubai Crown Prince announces $408 million economic stimulus package

Christian Fernsby |
Dubai has adopted an economic stimulus package worth $408 million to help counter the impact of the coronavirus, announced Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

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Topics: DUBAI   

Sheikh Hamdan listed some of the beneficiaries from the stimulus including schools.

"We adopted the initiative to cancel fines and exempt private schools from fees for renewing commercial and educational licenses until the end of next December," he tweeted on Saturday.

"We trust in the flexibility and durability of our economy ... We stand together with the private sector to move beyond this stage very quickly ... We are keen to return business to normal as soon as possible and we confirm our commitment to support all economic sectors," he added.


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