Tuesday, 02 January 2024 12:17 GMT

Saxo Bank, Elevate Financial Services, Suntec Commentary: Dubai's Dh1 Billion Support Package Set To Elevate Investor Confidence


(MENAFN- Mid-East Info) Ahead of the recent announcement of Sheikh Hamdan's Dh1 billion support package for Dubai's business sector. Our spokespersons at Saxo Bank, Elevate Financial Services, and SunTec have shared their insights below on this development.



Hamza Dweik, Head of Trading (MENA), Saxo Bank

“Sheikh Hamdan's announcement of the new business support package marks a significant step in Dubai's ongoing effort to position itself at the forefront of global economic development. This initiative reflects a proactive approach to building an environment that is both resilient and future-ready for businesses. The tailored support and strategic incentives will strengthen confidence across the market, encouraging local and international stakeholders to pursue growth and innovation with renewed assurance.

This initiative is expected to strengthen investor sentiment further, reinforcing confidence in the market's stability and long-term potential. As global investors scrutinize markets more closely, these forward-looking measures enhance Dubai's appeal as a secure, attractive destination for capital, supporting sustained inflows and deeper engagement across sectors.

This announcement serves as a catalyst for momentum across multiple sectors, which reinforces Dubai's reputation as a city that enables success through deliberate policy, strong leadership, and collaborative engagement. It also highlights the city's focus on inclusivity, ensuring that opportunities are accessible to a broad range of enterprises while encouraging innovation and competitiveness on a global scale.”

Madhur Kakkar, Founder & CEO, Elevate Financial Services

“This initiative strongly reflects the Dubai Promise, a city where visionary leadership consistently steps forward to support its people, businesses, and long-term growth.

The AED 1 billion package is not just a response to current pressures, but a clear signal of intent to build a more resilient, flexible, and future-ready economy.

It is this proactive and progressive approach that continues to set Dubai apart. In times of uncertainty, confidence is built through action, and Dubai has consistently demonstrated that.

As the region navigates through current geopolitical developments, such measures will not only support stability in the near term but position Dubai to emerge even stronger and reach greater heights once the noise around current events settles down.”

Amit Dua, President, SunTec Business Solutions

“Dubai's AED 1 billion package is a clear signal of policy discipline in uncertain times. By prioritising liquidity, continuity, and business confidence, Dubai is not merely cushioning risk; it is protecting momentum. The measures coming into effect from April 1, 2026, give businesses more room to manage volatility without losing sight of growth. That is especially significant in sectors where precision, cash-flow visibility, and execution agility are critical. In that sense, the package does more than offer short-term relief. It strengthens the operating environment for enterprises seeking to modernise, respond faster, and manage revenue and operations with greater control. It is another reminder of why Dubai continues to stand out: forward-looking policy, practical support, and a business climate built to sustain confidence even in more difficult conditions.”

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Mid-East Info

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