Dubai eyes timeshare and trade to boost growth

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Dubai eyes timeshare and trade to boost growth
« on: April 15, 2018, 11:43:46 »
Dubai plans to lower costs for local retailers, develop a local time-share holiday home market, and further stimulate its SME sector, as part of a raft of measures to stimulate the emirate’s economy.
Dubai Ruler Sheikh Mohammed bin Rashid Al-Maktoum discussed the new measures with a number of leading government officials, the Dubai Media office said on Saturday.
“Dubai has established a clear and well-established economic policy which in turn has strengthened its ability to absorb rapid changes in an unstable global economy in order to achieve sustainable economic growth and enhance its competitiveness at all levels,” Sheikh Mohammed said in a statement.
The emirate’s Department of Economic Development has introduced an initiative to reduce operational costs within the retail sector, in a bid to increase investment. Details of the initiative were not disclosed.

http://www.arabnews.com/node/1284706/business-economy [nofollow]