Tuesday, 02 January 2024 12:17 GMT

Sheikh Hamdan Approves Dh1-Billion Support Package For Dubai Businesses


(MENAFN- Khaleej Times)

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, approved a Dh1-billion support package for the emirate's business sector, set to be rolled out from April 1, over the next three to six months.

As he chaired a meeting of the Executive Council, Sheikh Hamdan announced measures aimed at strengthening the economy's resilience, readiness, and agility as the region tackles economic uncertainty during escalating tensions.

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Sheikh Hamdan also highlighted Dubai's resilience, growth, and continued support for businesses and families amid challenges.

'Our message is clear: Dubai remains committed to supporting individuals, families and businesses with confidence and stability. With strong institutions and deep community ties, the emirate continues to grow, turning challenges into opportunities and emerging stronger than ever.'

He also highlighted Dubai's strong 2025 performance, noting that GDP grew by 5.4% to surpass AED 937 billion.

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Khaleej Times

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