Dubai Economy continues with its survey of business groups and companies to understand the impact of the pandemic on the economy.
The survey was rolled out in March and is ongoing with the participation of over 1,574 firms and 10 business groups to date. It is conducted through EngageDXB, the virtual platform, and aims to identify various aspects like the magnitude of the impact on the firms and its employees, scope of revival with incentives, future prospects of these businesses and the ability to deal with future crises.
“The purpose was to identify the challenges and repercussions of the pandemic within a short span of time and ensure the flexibility and sustainability of the emirate’s economy through consultations and maintain continuous engagement with 10 business groups comprising over 2,000 companies.” Dubai Economy Statement
The results from the survey will be used to devise incentive initiatives to help the businesses get back on their feet which will, in turn, contribute to the revival of the economy.
Since last week, Dubai has permitted normal working hours for businesses in an attempt to get things back to normal as the cases dropped. Its international airport has also reopened for inbound and outbound flights.
The next phases of the survey will attempt to monitor the economic impact in these stages of reopening.
“Our digital engagement through EngageDXB has strengthened and enabled us to reach out to the business community instantly to hear and work on recommendations to resolve on-ground challenges. EngageDXB will be the business engagement platform for the economy to sustain public and private sector relationships,” Mohammed Shael Al Saadi, Dubai Economy’s chief executive of corporate strategic affairs, said.
The government of UAE has been at the forefront of putting initiatives at place that can aid businesses in these difficult times including injecting $676 billion into the economy. They have also introduced initiatives to waive off fees and provide discounted utility bills along with zero interest funding.
