UAE entities provide financial support to tenants

Arab News
Pink flamingoes feed in the mud flats at the Ras al-Khor Wildlife Sanctuary in Dubai, with the city skyline seen in the background, on March 18, 2020 as the site has been closed to the public amidst the coronavirus COVID-19 pandemic. (File/AFP)
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  • Al-Futtaim Group said on Thursday it will make available a $27,224,220 fund for its tenants at Dubai Festival City and Festival Place

DUBAI: Tenants of retail shops and restaurants at the hotels of the UAE’s National Corporation for Tourism and Hotels (NCTH) will be exempted from paying rents for three months, the NCTH announced on Thursday, as part of the country’s efforts to fight against the new coronavirus COVID-19.

“All our hotel rooms will be put at the disposal of the call for national duty,” Sheikh Hamdan bin Mubarak Al-Nahyan, the chairman of NCTH, said.

Meanwhile, Al-Futtaim Group said on Thursday it will make available a $27,224,220 fund for its tenants at Dubai Festival City and Festival Palace as part of its efforts to help them overcome their financial
instability caused by the coronavirus outbreak, state news agency WAM reported.

Topics: Coronavirus