His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai announce major investment Dh500M to improve quality of life in Dubai after chairing Dubai Council meeting on Tuesday.
Sheikh Mohammed has twitted “I have chaired today the third Dubai Council meeting and our first decision was the allocation of Dh500M to improve life in Dubai neighborhoods, based on what people wish”.
His Highness ordered the reimbursement of defaults on housing loans of 422 Emiratis and exempted all citizens from fees for housing loans in the first meeting of the council. He set 50 goals that must be met to boost growth and a new economic plan for the emirate “Urban Plan” to improve living standards.
In the council’s second meeting, it was declared that dozens of Dubai government offices will be set around the world in to boost tourism and investment in the emirate.
His Highness of Dubai also launched new non-oil trade targets, a Dh1 billion fund and plans for subsidized housing for entrepreneurs on Tuesday (02/05/2020).
He said the offices would “encourage Dubai’s commercial, tourist and investment opportunities while boosting our commodities, cultural and creative exports, and our human talent”.
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