Dubai economic stimulus gains momentum

It includes freezing private school fees, and reducing and cancelling certain government fees.

Following the Dubai economic stimulus package announced in April by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the Executive Council adopted a series of initiatives, including freezing private school fees, waiving the 4 per cent late-payment fine for Dubai Land Department transactions and reducing and cancelling certain government fees.

“In an implementation of His Highness Mohammed bin Rashid’s guidelines, we have today adopted a series of stimulus initiatives to promote economic growth in Dubai, including the reduction and cancellation of government fees in order to enhance Dubai’s attractiveness and reduce the cost of doing business during the Executive Council’s meeting in Dubai Emirates Towers,” tweeted Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council.

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