Dubai Crown Prince Announces AED 1 Billion Relief Package for Businesses
Dubai: Sheikh Hamdan bin Mohammed has announced a major relief package worth AED 1 billion to support the city’s business community.
According to reports, the package will come into effect from April 1 and will provide financial assistance to businesses over a period of three to six months.
The Crown Prince stated that Dubai remains committed to supporting its business sector, emphasizing that authorities will stand by entrepreneurs during challenging times and ensure the protection of their interests.
Under the initiative, small and medium-sized enterprises (SMEs) will receive financial support and facilitation measures aimed at maintaining economic stability and easing financial pressures.
The move by the Government of Dubai is being seen as a significant step to boost investor confidence and strengthen the local business environment.
