Abu Dhabi: Funding Allocated for 20% Rent Refund Scheme

Abu Dhabi’s Economic Development Department has allocated 200 million AED to fund the initiative for refunding 20% of the rent value of 8,000 units rented to businesses who operate economic activities in the Emirate which have suffered damage because of Coronavirus including restaurants, tourism entities and entertainment enterprises. The scheme is part of Government initiatives to stimulate the economy in the Emirate. The Department called for these enterprises to renew their contracts and continue operating their businesses. Full story

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