His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, announced an economic stimulus package worth 1.5 billion dirhams for the next three months, with the aim of supporting companies and the business sector in Dubai, enhancing financial liquidity and mitigating the effects of the exceptional economic situation the world is witnessing today.
His Highness said: "We are keen to provide various forms of support that guarantee Dubai its leadership and maintain its position as the best place to live and work."
His Highness added: "Today, we present these incentives in order to encourage moving forward towards our ambitious development goals without allowing any challenge to hinder our progress or slow our pace of development."
His Highness continued, saying: "Efforts continue and ideas do not stop in order to confirm our position as effective partners in making the future, while the comfort, happiness and commitment of all members of society remain a priority that we give all attention and care."