Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit

Restaurants

Education


 





Home / Features / Al-Futtaim Group announces AED 100 million fund to provide financial support for its mall tenants across UAE
Special Features

Al-Futtaim Group announces AED 100 million fund to provide financial support for its mall tenants across UAE

Leading Dubai-based conglomerate Al-Futtaim Group today announced a fund of AED 100 million to help its mall tenants in Dubai Festival City and Festival Plaza, and ease their financial burden in the prevailing environment caused by the novel coronavirus, COVID-19. The move reflects the patriotic spirit of the private sector in Dubai, and the key role played by national firms in supporting the UAE economy.

The fund, which will cover up to three months’ rent relief for eligible tenants across the Al-Futtaim Group’s malls, seeks to aid the recovery of their businesses in the UAE.

The announcement of the Fund follows the creation of a taskforce established to examine how Al-Futtaim Group can develop effective measures to help its tenants at a time when visitor footfall in malls has declined following the directives issued by local authorities to the public to avoid crowded areas. The Fund offers financial support to retailers impacted by the sensitive situation and seeks to help them reduce the impact of the slowdown caused by the COVID-19 pandemic.

Omar Abdulla Al Futtaim, Vice-Chairman of Al-Futtaim Group, said that strong collaboration between various stakeholders is critical to navigate the challenges that have arisen in the current situation.

The UAE and Dubai will remain strong in the face of these challenges no matter how difficult they are, he added. These measures are part of the Group’s responsibility towards the UAE and its economy as it is a partner in its journey of success locally and internationally, he stressed.

"We are proud to be one of Dubai’s key partners in its economic progress. This pride comes with a huge responsibility both towards our country and our retail business partners who are part of the Group’s success. We remain steadfast in our support to our leadership in facing this critical situation. Backed by collaboration with all stakeholders, we are confident in our ability to tide over these challenges without any significant impact," he said.

"As a company that embodies Dubai’s spirit of resilience and supportive ethos, the Al Futtaim Group closely understands the problems faced by businesses and investors in challenging economic conditions. As a business, we are deeply committed to contributing to the growth and sustainability of the UAE and Dubai and to backing our retail partners in ensuring their business continuity. We earnestly hope this support will help our mall tenants recover and restore their business health rapidly," he added.

"Our tenants are our highest priority at all times, but especially in this challenging period. It is our duty to provide guidance and assistance to them in this crucial period. Our dedicated teams will contact all tenants in the coming days to discuss their individual requirements," he further said. 



We accept Guest Posts

  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     


View Special Features by Category.
Airlines & Airports
Art & Gallery
Banks & Financial sector
Business
Car Industry
Construction
Dubai Government
Dubai Metro
E-Guides
Eco-Friendly
Education & Institutions
Electronics
Entertainment
Events & Occassions
Exhibition Center
Family Shows
Food & Beverages
Free Zones
Golf Clubs
Government Departments
Health & Fitness
History & Culture
Home/Furnishing/Interiors
Hospitals & Clinics
Hotels & Hospitality
Identity cards
Internet Services
Media & News
Mortgage
Music
Online Food Service
Online Store
Organisations
Other
Other Emirates
Parks & Beaches
Precious Metals
Real Estate & Property
Religion & Culture
Resorts & Clubs
Restaurants
Shopping Malls
Spas
Special Centres, Groups & Communities
Sports & Events
Sports Bars
Technology
Things To Do
Trade Fair
Travel & Leisure
UAE Market News
VIP Services
Wedding Planners

Back to top





Daily Guide

 



Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance