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Dubai Announces New Economic Support Package Worth Over $400 Million

People are seen in front of Burj Khalifa, the world tallest building, in Dubai, UAE.  REUTERS/Satish Kumar/File Photo

People are seen in front of Burj Khalifa, the world tallest building, in Dubai, UAE. REUTERS/Satish Kumar/File Photo

The package is the third announced by Dubai, the second-largest and wealthiest member of the United Arab Emirates federation.

  • Reuters Dubai
  • Last Updated: July 11, 2020, 6:54 PM IST
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Dubai has announced a new package to help the economy cope with the effects of the coronavirus outbreak, worth 1.5 billion dirhams ($408 million), the crown prince of the emirate, Hamdan Bin Mohammed Al-Maktoum, said on Twitter on Saturday.

The package is the third announced by Dubai, the second-largest and wealthiest member of the United Arab Emirates federation. The three packages are worth a total of 6.3 billion dirhams, Sheikh Hamdan said.

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