The UAE Continues its Implementation of COVID-19 Economic Recovery Initiatives in Line with Approved Schedule

The United Arab Emirates (UAE)’s Minister of Economy, Abdulla bin Touq Al Marri, noted that the total value of initiatives and COVID-19-related economic support packages provided by local and federal governments in the UAE since the onset of the pandemic has exceeded AED 388 billion. According to the Minister, these efforts have contributed towards the increase of momentum in commercial activity, business continuity, and has accelerated the pace of recovery of critical sectors of the economy.

Al Marri noted that the government aims to remain on track to complete the implementation of these recovery initiatives, with the overall completion rate under the first phase estimated at over 46%, as of the 13th of December 2020.

Key initiatives implemented thus far incl...