Dubai business news: Economic incentives support

Dubai business news and the Economic activities in Dubai have confirmed that the accreditation of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the State, Prime Minister and Ruler of Dubai, may God preserve him. The economic incentives package worth 16 billion dirhams, supports the business sector in the country and limits the repercussions of the spread of the virus Corona. So, It reaffirms the rapid and effective government interaction with global changes and developments and expresses the determination of the UAE government not to let investors face crises alone.

Dubai business news

Economic incentives support the business sector

Dr. Anwar Gargash, Minister of State for Foreign Affairs, stressed that crises are testing leaders and nations. Whoever has mercy on them creates innovation and positive change. “Crises are testing leaders and nations,” he tweeted via Twitter. “From its womb, innovation and positive change are born.

” Today, the UAE successfully transitioned to the heavy use of technology. From the historic cabinet meeting to the sectors of education, economy, and health. The Emirates adopted technology to facilitate the wheel of life. ”

Saeed Mohammed Al Tayer, a Managing Director, and CEO of Dubai Electricity and Water Authority said that:

The economic incentives package confirms that our wise leadership keen to stand by the business sector, support small companies. In order to ensure the continuity of its business during these difficult economic conditions facing the entire world.

The economic incentives enhance the strong and integrated infrastructure in the United Arab Emirates. Increase the ability of state institutions, government and private sector companies to continue to work. In order to ensure the continuity of health services, education services, electricity and water, and other necessary life matters. In addition to providing Government services via smart channels, and activating the systems of work remotely.

Enhance confidence

Hamad Buamim, Director General of the Dubai Chamber of Commerce and Industry, stressed that government decisions approved by the Council of Ministers enhance the confidence of investors and business leaders in the country that good leadership is interested in overcoming these global challenges. In addition, it is determined to support the business sector. In order to reflect thus a distinguished model in the true partnership between the two sectors Public and private, taking care of the interests of the business community. Eventually, emphasizing the interdependence of goals, indicating that focusing on reducing the cost of doing business and supporting small companies is one of the requirements of the business community. As well as, it indicates that the interests of the private sector are a priority that the state will not deviate from.

Sultan Ahmed bin Sulayem, Chairman and CEO, Dubai Ports World Group, President of Ports and Customs Corporation, and Free Zone:

“The additional support package announced by His Highness Sheikh Mohammed bin Rashid enhances the ability of the national economy to respond to the challenges arising from the global outbreak of a pandemic. Corona, where the decisions of the Council of Ministers come to demonstrate the ability of the United Arab Emirates to deal efficiently with global crises of all kinds. Thanks to the progress made by the country in adopting applications of work and distance education. So that we can respond to emergency conditions without disrupting the Economic”.

Ahmed Mahboub Musabih, Director General of Dubai Customs, stressed that:

The exceptional measures and incentive packages approved by the Cabinet, headed by His Highness Sheikh Mohammed bin Rashid. He confirms the wise strategic policy of moving forward in supporting the national economy and standing firmly in support of the business sector and investors. As well as, it announced For additional support packages worth 16 billion dirhams, for a total of stimulus packages, 126 billion dirhams. In addition to reducing costs and speeding up infrastructure projects. So it is the main nerve of the economy, with the formation of three teams to continue providing services.

a future vision

Dr Mohammed Al Zarouni, Secretary-General of the Dubai Free Zones Council said:

“The additional support package approved by the Council of Ministers indicates the future vision. That we have always seen from the rational leadership that continuously strives. In order to provide a supportive environment for prosperity and growth for all sectors at all levels. By launching proactive initiatives, that contributes to enhancing solvency and integrating efforts between different sectors of

  • Infrastructure
  • Economy
  • Health
  • Education
  • Business services
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