Hamdan bin Mohammed Approves Economic Facilitation Measures in Dubai Worth AED 1 Billion
In a move aimed at enhancing the dynamism of the national economy, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, announced the approval of financial facilitation measures for the economic sector in Dubai worth AED 1 billion. This initiative is part of the government’s efforts to boost economic growth and resilience in the face of current challenges, involving various vital sectors. It demonstrates Dubai’s commitment to establishing an attractive and stimulating investment environment for citizens and residents, thereby reinforcing its position as a leading economic hub.
Strategic Approach to Economic Support
His Highness Sheikh Hamdan bin Mohammed confirmed that the UAE, through the vision of its wise leadership, has established a global model for economic development based on inclusivity and positivity. During his chairmanship of the Executive Council meeting of Dubai, he highlighted the importance of integrating individuals and communities into development pathways to enhance investment ambitions. He stated, “Dubai has built a distinguished relationship based on credibility, transparency, and mutual trust with its citizens, residents, visitors, and investors across all sectors.”
Significant Financial Facilitation Measures
The approved measures include financial actions that will last from three to six months, covering many vital sectors aimed at supporting the economy. His Highness stated, “We have approved economic facilitation measures worth AED 1 billion, and in these exceptional circumstances, the Dubai government supports individuals, families, and business sectors to overcome these challenges and witness a recovery.” These measures include extending customs data grace periods and deferring government fees, contributing to increased financial liquidity for companies.
Economic Growth and System Updates
The Executive Council also reviewed Dubai’s economic growth results, which showed a 6.4% increase in the fourth quarter of 2025. His Highness Sheikh Hamdan emphasized the importance of accurately measuring economic performance using a scientific methodology that adds value to future government planning. He reiterated Dubai’s commitment to being a leader in economic development and expanding trade partnerships over the coming decades, stressing that “developing the economy and future business opportunities is an ongoing path that does not stop.”
Sustainable Development and Enhanced Services
The initiatives aim to contribute to improving living conditions and enhancing the quality of life for citizens by providing more economic and employment opportunities. Supporting the tourism sector and deferring hotel fees are part of the efforts to achieve these goals. The government sees the provision of a flexible and suitable work environment as essential for expanding the labor base and contributing to driving economic momentum.
Through these facilitation measures, Dubai is moving towards supporting its economic growth and enhancing its global standing, reflecting a comprehensive vision for development and innovation, and heralding a promising future for all its residents.