RIYADH: Dubai approved a new 1.5 billion dirham ($410 million) economic support package aimed at easing costs for businesses and strengthening the emirate’s economic resilience amid global uncertainty.
The latest package, approved by Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, includes 33 initiatives spanning tourism, trade, education, transport and customs services, with measures set to remain in place for between three and 12 months.
The announcement brings the total value of economic incentives introduced by Dubai in under two months to 2.5 billion dirhams, following an earlier 1 billion dirham package unveiled in March.
The package was aimed at easing financial pressures stemming from the US-Iran war, improving economic flexibility, and supporting businesses and families amid ongoing economic challenges.
In an X post, Al Maktoum said: “Dubai has built a model that transforms challenges into opportunities for growth.”
