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Friday, May 22, 2026

Dubai's new Dh1.5 billion package protects jobs and boosts key sectors, say analysts

تم إعداد هذا المنشور من قبل فيجاي فاليتشا

Dubai's new Dh1.5 billion package protects jobs...

Vijay Valecha, Mon, May 22, 2026 Khaleej times

The Dh2.5 billion package across 33 initiatives shows that the government understands its business community accurately and responds at scale, say analysts. Photo: KT File

Key sectors such as tourism and hospitality, real estate, trade and customs, SMEs, education, aviation, construction, and arts and culture will receive support through various incentives

Dubai’s new Dh1.5 billion economic incentive package to support local businesses will protect jobs and ensure the continuity of key sectors that are closely connected to people’s daily lives, analysts say. On Thursday, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, approved a second package of economic incentives valued at Dh1.5 billion. Combined with the first Dh1 billion package approved in late March, the new package brings the total value of incentives introduced in under two months to Dh2.5 billion.

The incentives have been announced to support key sectors and offset the impact of regional conflict.

Reading the business community well

Vijay Valecha, Chief Investment Officer at Century Financial, said the measures are broad-based and designed to ease operational pressures across sectors, including tourism, trade and logistics, real estate, construction, education, and arts and cultural activities.

Source

Khaleej Times

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