ECONOMY

Dubai Crown Prince announces cut to restaurant and hotel fees

“We continue to take firm steps to establish Dubai as a preferred destination for visitors and businesses internationally,” said the crown prince. (Photo courtesy: DMO)

To enhance the attractiveness of Dubai as an investment destination to potential investors and to reduce the cost of doing business, Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, has ordered the municipality fees for restaurants from 10 percent down to 7 percent.

“We continue to work under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum to provide more business facilities to enhance Dubai's competitiveness under a policy that ensures the growth of partnership between the public and private sectors,” Sheikh Hamdan said.

“We continue to take firm steps to establish Dubai as a preferred destination for visitors and businesses internationally, and our incentive policies are aimed at making Dubai the best place in the world to do business,” he said.

“The tourism and hotel sector is a major pillar of our efforts to diversify the economy and sources of income. Its sustainability requires creating an attractive environment for tourism and investment.”


 

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Last Update: Tuesday, 12 June 2018 KSA 11:48 - GMT 08:48
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