DubaiHolding and Meraas Dubai has launched a 1 billion dirhams ($270 million) economic relief package aimed at supporting existing business partners and customers across their portfolio of companies.

The 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 coronavirus.

“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,” Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding and Meraas said in a statement to the media.

(Writing by Seban Scaria, editing by Daniel Luiz)

seban.scaria@refinitiv.com

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