Public services requiring government fees in the UAE will not be increased for a period of three years, it was announced on Wednesday.
The decision not to increase federal fees was reached during a cabinet meeting and is intended to attract more foreign investment and promote economic stability.
This development was announced in a message posted on Twitter by Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
- In Pictures: New ‘Nature-inspired’ Mall To Open In Dubai In 2018
- Saudi Arabia To Overtake UAE In Luxury Hotel Sector: Report
“We decided not to increase the federal fees during the next three years, to restore the economic and social stability of the state and to support our industrial and commercial sectors and attract more foreign investments,” the Vice-President tweeted.
By Cleofe Maceda
© Al Nisr Publishing LLC 2022. All rights reserved.