Hamdan bin Mohammed approves an economic stimulus package worth 500 million dirhams

Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, 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 500 million dirhams to support the local economy, bringing the total Motivational packages this year to 6.8 billion dirhams.

His Highness said in tweets on "Twitter": "With the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, we announce an economic stimulus package worth 500 million dirhams to support the local economy, bringing the total stimulus packages this year to 6.8 billion dirhams."

His Highness added: "We are aware of the great challenges that the pandemic has imposed on various economic sectors around the world, and our goal is to overcome all these challenges and accelerate recovery and establish a new phase of economic growth."

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, continued: “The private sector is a major partner in Dubai’s development process. .

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