Close Menu
Simply Invest Asia
  • Home
  • About us
  • Explore industries/sectors
    • Automobile
    • Aviation
    • Banking
    • Biotechnology
    • Chemical & Fertilizer
    • Entertainment and Media
    • Food Processing
    • Healthcare
    • Iron and Steel
    • Leather
    • Mining
    • Oil and Gas
    • Pharmaceutical
  • Explore by countries
    • China
    • Dubai / UAE
    • Hong Kong
    • India
    • Indonesia
    • Japan
    • Malaysia
  • Explore cities
    • Bangkok
    • Beijing
    • Chongqing
    • Delhi
    • Dubai
    • Guangzhou
    • Jakarta
    • Kuala Lumpur
  • Why Asia
Facebook X (Twitter) Instagram Threads
Trending:
  • EU lawmakers arrive in China for high-stakes talks to manage mounting tensions
  • HK book fair wraps up with bargains
  • Inside Leeds United’s pre-season tour with Japan decision, Brazil stress test and Under 21 group
  • NHS partnership sees Fairlie Healthcare launch UK’s first haemodialysis service in care home
  • KamelPay partners with Paymentology to scale corporate payments in the UAE
  • 15 super-rare pygmy hogs released into Indian grasslands – the footage of them running free is adorable
  • Lifebuoy’s ‘Tiba Tiba Fans’ Highlights Fluid Fan Loyalties in Indonesia – Branding in Asia
  • The Biggest Order of the Day Had No Aircraft | Afterburner
  • China Eastern Plans Direct Astana-Shanghai Flights, FlyArystan Adds Chongqing Route
  • PTT Station powers people, not just vehicles, via this new Hakuhodo Bangkok campaign – Campaign Brief Asia
  • Guangzhou Tinci Materials Technology's Controlling Shareholder Proposes Interim Cash Dividend Plan – TradingView
  • Ant International Bags $1.2 Billion Ahead of Potential Hong Kong IPO
  • Ground Handling – Dubai Airports CEO Paul Griffiths reaffirms growth plans amid aviation challenges
  • Coway Never Compromises: Marking 20 Years with the Launch of Its First Refrigerator Series in Malaysia
  • UAE provides solar-powered health centres to help more than 200,000 people in India
  • Why does Beijing want North Korea’s Tumen River?
  • New route from Dublin Airport to Shanghai takes off
  • Crane Worldwide Logistics adds Malaysian office – Heavy Lift & Project Forwarding International
Tuesday, July 21
Facebook X (Twitter) Instagram
Simply Invest Asia
  • Home
  • About us
  • Explore industries/sectors
    • Automobile
    • Aviation
    • Banking
    • Biotechnology
    • Chemical & Fertilizer
    • Entertainment and Media
    • Food Processing
    • Healthcare
    • Iron and Steel
    • Leather
    • Mining
    • Oil and Gas
    • Pharmaceutical
  • Explore by countries
    • China
    • Dubai / UAE
    • Hong Kong
    • India
    • Indonesia
    • Japan
    • Malaysia
  • Explore cities
    • Bangkok
    • Beijing
    • Chongqing
    • Delhi
    • Dubai
    • Guangzhou
    • Jakarta
    • Kuala Lumpur
  • Why Asia
Simply Invest Asia
Home»Explore by countries»Dubai / UAE»Sheikh Hamdan reviews DET strategy as Dubai’s economic support package hits $680 million – Fast Company Middle East
Dubai / UAE

Sheikh Hamdan reviews DET strategy as Dubai’s economic support package hits $680 million – Fast Company Middle East

By IslaJune 3, 20263 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister of the UAE, and Minister of Defense, reviewed the operations and future plans of the Dubai Department of Economy and Tourism (DET) on Tuesday, reaffirming the government’s commitment to strengthening economic resilience, supporting key sectors, and sustaining growth momentum.

During the visit, Sheikh Hamdan was briefed on initiatives aimed at accelerating economic expansion and enhancing Dubai’s ability to navigate evolving regional and global conditions.

He directed officials to continue implementing measures that reinforce the emirate’s economic resilience while strengthening its position as a leading global hub for trade, tourism, and investment.

In a statement posted on X, Sheikh Hamdan underscored the importance of public-private sector collaboration in driving investment, economic growth, and global competitiveness.

He said the Dubai Government remains committed to supporting the economy and tourism sector through practical measures, enhanced facilitation, and innovative solutions that strengthen the emirate’s future readiness and adaptability. He also expressed confidence in Dubai’s ability to transform challenges into opportunities and advance sustainable development through collaboration with international partners.

The review included updates on ongoing and planned DET-led initiatives designed to support economic activity and strengthen key sectors.

Helal Saeed Almarri, Director General of the Dubai Department of Economy and Tourism, outlined a range of initiatives the department is implementing and highlighted its role in supporting the city’s response to the impact of the conflict involving Iran, including measures related to food security and the hospitality sector.

The meeting comes as Dubai continues to introduce economic support measures to maintain business activity and strengthen market confidence.

Last month, Sheikh Hamdan approved an additional $410 million package of economic incentives, bringing the total value of support measures introduced over the previous two months to $680 million.

The latest package includes 33 initiatives offering facilitation measures across sectors, including tourism, trade, education, and customs services, for periods ranging from three to 12 months. The measures follow an earlier AED1 billion ($272 million) package announced in March and implemented from April.

The support package includes exemptions from tourism-related fees, reductions in business and customs charges, deferred payments for selected sectors, and regulatory facilitations for educational institutions, construction projects, and cultural activities.

The incentive packages form part of Dubai’s broader strategy to enhance economic flexibility, strengthen preparedness, and enable a rapid response to evolving economic conditions.

During a meeting of Dubai’s Executive Council earlier this year, officials reviewed the emirate’s economic performance in 2025, when growth reached 5.4% and gross domestic product exceeded $255 billion.

Sheikh Hamdan said Dubai’s leadership remains focused on responding to the needs of society while relying on experienced teams capable of managing emerging challenges and sustaining economic growth.

He added that the emirate has consistently demonstrated its ability to turn challenges into opportunities and expressed confidence that Dubai would emerge stronger and more competitive, further consolidating its position as a leading global economic center.





Source link

Related Posts

KamelPay partners with Paymentology to scale corporate payments in the UAE

July 21, 2026

UAE provides solar-powered health centres to help more than 200,000 people in India

July 21, 2026

Britain Holds Its Nerve on Dubai Travel Despite Deepening Iran Crisis, Leaving UAE Holidays, Flights and Travel Insurance Intact While Warning Conditions Could Shift at Any Moment – A Vital Briefing for UK Holidaymakers

July 21, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

China Scraps 12,000 Degrees in Biggest Academic Overhaul in Years

June 14, 2026

Chinese Wall may stem India tech flows for electronics and automobile

June 1, 2026

Abandoned malls, whispers of nuclear war and young foreigners detained. This is what’s REALLY going on in Dubai… and the chilling warning one taxi driver gave to the Mail’s IAN BIRRELL

April 11, 2026
Don't Miss

EU lawmakers arrive in China for high-stakes talks to manage mounting tensions

By IslaJuly 21, 2026

A European Parliament delegation has begun a three-day visit to China to meet senior officials…

HK book fair wraps up with bargains

July 21, 2026

Inside Leeds United’s pre-season tour with Japan decision, Brazil stress test and Under 21 group

July 21, 2026

NHS partnership sees Fairlie Healthcare launch UK’s first haemodialysis service in care home

July 21, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Top Trending

Ground Handling – Dubai Airports CEO Paul Griffiths reaffirms growth plans amid aviation challenges

By IslaJuly 21, 2026

Coway Never Compromises: Marking 20 Years with the Launch of Its First Refrigerator Series in Malaysia

By IslaJuly 21, 2026

UAE provides solar-powered health centres to help more than 200,000 people in India

By IslaJuly 21, 2026
Most Popular

FTAI Aviation (FTAI) Lifts Its Dividend Again, Is The Stock Still Below Fair Value?

July 2, 2026

Hongkongers now face fines, jail time if caught with vapes in public

April 29, 2026

Top Chinese diplomat highlights dialogue in intl, regional affairs

April 11, 2026
Our Picks

High Court to decide on Shamsul Iskandar’s bid to transfer graft case on April 28

April 9, 2026

Tech-Enabled Green Workspaces to Redefine Remote Work by 2026

April 19, 2026

Hong Kong International Licensing Show and Asian Licensing Conference Conclude Successfully

April 29, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

© 2026 Simply Invest Asia.
  • Get In Touch
  • Cookie Policy
  • Privacy policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first.

Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.