COVID-19: Dubai Holding, Meraas roll out $272.3m economic package

Sheikh Saeed: Teams at Dubai Holding and Meraas are directed to help companies or individuals affected by COVID-19 outbreak

Package to support existing business partners and customers across their portfolio of companies [representational]
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Package to support existing business partners and customers across their portfolio of companies [representational]

UAE-based global investment holding firm, Dubai Holding and developer and operator of lifestyle destinations, Meraas, have rolled out a $272.3m (AED1bn) economic relief package aimed at supporting existing business partners and customers across their portfolio of companies that have been affected by the pandemic novel coronavirus (COVID-19) outbreak.

According to Dubai Holding the economic relief package has been designed to partially ease the burdens on some of the businesses or individuals within the Dubai Holding and Meraas ecosystem.

Speaking on the relief package, chairman of Dubai Holding and Meraas, HH Sheikh Saeed Al Maktoum, “We have directed our teams at Dubai Holding and Meraas to ensure that we provide relief to those impacted customers whether they are companies or individuals by the outbreak of COVID-19.

“We believe that it is our social and economic responsibility to stand with affected partners during such unprecedented times,” he added.

Teams at both Dubai Holding and Meraas are studying specific requirements on a case-by-case basis to ensure that adequate economic relief and support was provided for its partners and customers.

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