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Boosting economy: Dubai to reduce cost of doing business by 30%

(Source Zawya) – Dubai’s Crown Prince has issued directives to reduce government procedures for doing business by 30 percent in the next three months and boosting economic growth. Infact, Dubai’s support measures since the onset of the pandemic include five stimulus packages worth AED7.1 billion ($1.9 billion) designed to help the private sector.

Dubai’s Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, who is also chairman of the executive council of Dubai, said “We will continue to work on unlocking new opportunities for businesses and investors to help them grow. Promoting partnerships with the private sector is a key strategic objective for Dubai. As a key stakeholder in Dubai’s development, the private sector is a critical partner for government projects. Our efforts will ensure that Dubai continues to be the leading investment destination in the region,”.

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