UAE - Mubasher: Dubai has extended the freeze on its government fees, announced in March 2018, until early 2023 to foster social stability, economic competitiveness, and the confidence of businesses, entrepreneurs, and investors.
This decision was issued by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of the Executive Council of Dubai, according to a recent press release.
The extension of the freeze aims to accelerate economic recovery in Dubai, strengthen sustainable development, promote the resilience of the emirate's businesses, and ease financial challenges.
This move is in line with the five economic stimulus packages, which have been launched by the Dubai government since March 2020 to support businesses amid the coronavirus (COVID-19) pandemic.
The AED 7.1 billion support includes temporarily or permanently cancelling and reducing many government fees across various sectors.
