United Arab Emirates Tender

In a move that reflects the extent of the high national sense enjoyed by the private sector in the Emirate of Dubai and the pivotal role played by national institutions in supporting the UAE economy Al-Futtaim Group revealed today Thursday its intention to provide substantial financial support amounting to AED 100 million to help merchants Retailers of tenants in the Dubai Festival City Mall and Festival Plaza Mall whose businesses have recently been affected by the repercussions of the outbreak of the Corona Virus Covid-19 and the financing will cover the rent for up to three months for eligible tenants.Al-Futtaim Group has formed a working group during the past week to explore ways to support retailers in its affiliated centers especially with the decrease in the number of visitors to commercial centers according to the instructions issued by the competent authorities to prevent the virus foremost among which is the commitment to be present in homes and not to go to crowded places In an effort to ensure the highest rates of prevention and safety for all members of society the team was tasked to come up with quick and effective measures to assist the affected tenants. He explained We are proud that Al-Futtaim Group is a major contributor to making an aspect of the distinguished economic success in the Emirate of Dubai. The groups success story he added We would like to emphasize on this occasion that we all stand together in line with our wise leadership in addressing this exceptional situation with all confidence in our ability to overcome it with the least possible impacts by joining all efforts and joining together all the way to safety God willing. come. Omar Al-Futtaim expressed his hope that this initiative would exempt the groups partners from tenants in the Dubai Festival City Mall and Festival Plaza Mall from the rental value for a period of three months supporting them in overcoming the undesirable effects of this long-term event. Throughout the world he also expressed the hope that with the permission of God Almighty everyone would be able to overcome these difficult times that the world is racing against time to overcome. He concluded by saying We are always keen in Al-Futtaim Group to provide the highest levels of attention and support to our tenant partners and our focus is currently on the performance of our duty to provide the necessary assistance and facilities. It should be noted that the Al-Futtaim Group portfolio of malls in the UAE includes Dubai Festival City Mall and the recently opened Festival Plaza.