Dubai state entities to provide $270 million in coronavirus relief

Dubai state entities to provide $270 million in coronavirus relief

Dubai state-linked entities Dubai Holding and Meraas on Tuesday announced a fund of over 1 billion dirham ($270 million) for business partners and customers in their portfolios in response to the coronavirus epidemic.

“The economic relief package … is designed to partially alleviate the burdens encumbered by some of the businesses or individuals within the Dubai Holding and Meraas ecosystem, who have been impacted by the outbreak of COVID-19,” they said in a statement.

Support would be provided on a case-by-case basis.

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