Sheikh Mohammed announces new economic plans to boost growth

Sheikh Mohammed announces new economic plans to boost growth

Dubai has launched a wide-ranging economic plan, aimed at cutting the cost of doing business in the emirate.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, discussed the initiatives on Saturday with the Strategic Affairs Council.

Under the plan, Dubai is set to launch ‘time share’ property ownership for holiday homes; issue 20 per cent of government contracts to small and medium businesses; and create a new mortgage law to boost real estate investment.


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