UAE - Sheikh Mohammed announces housing loan exemptions for low-income families
Date
11/29/2021 2:00:26 PM
(MENAFN- Khaleej Times)
Mon 29 Nov 2021, 7:02 PM
Mon 29 Nov 2021, 7:20 PM
His Highness sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and ruler of Dubai, on Monday announced the exemption of housing loans for low-income families, People of Determination and families of deceased providers.
The Cabinet also approved government housing to low-income families“to provide them with a decent living,” tweeted Sheikh Mohammed bin Rashid following a Cabinet meeting he chaired at expo 2020 Dubai on Monday.
Among the Cabinet resolutions was the adoption of a national policy for medicine to ensure an all-time availability of medicines, boost investment in the pharmaceutical industry by 20 per cent and expand exports to regional markets.
A National Strategy for Cultural and Creative Industries was also adopted.“The Strategy includes 80 projects and initiatives that aim to boost the creative industry's contribution to 5% of the GDP, in partnership with the private sector,' Sheikh Mohammed said.
He stressed that“creativity is a key driver of today's economy.”
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