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Coronavirus: Dubai announces Dh315-million stimulus package

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Sheikh Hamdan vows to implement all necessary measures for Dubai businesses to overcome Covid-19 pandemic challenges.

Dubai has announced the fifth economic stimulus package to help Covid-affected businesses. According to Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, the latest package is worth Dh315 million.

This takes the overall value of the economic help extended to Dh7.1 billion in Dubai.

“We are continuing to implement all necessary measures to enhance the ability of all sectors to overcome the effects of the global crisis,” Sheikh Hamdan tweeted on Wednesday.

More details to follow.