Al Futtaim unveils AED 100 Million relief for Festival City retailers

Thursday, 19 March 2020 18:53

Dubai's Al Futtaim Group has announced a relief fund worth AED 100 million to alleviate the pressure on its retailers during the Covid-19 outbreak .

It will cover up to three months’ rent for eligible tenants, who have already faced business disruption and slowdown.

The Group operates the Dubai Festival City Mall and the recently opened Festival Plaza mall.

An Al Futtaim Group spokesperson said during unprecedented times, they understand the difficulties faced by the businesses.

All retail tenants will be contacted in the next few days to discuss their individual requirements

It comes after Dubai Holding and Meraas announced an AED 1 billion stimulus programme to tenants at its residential and commercial destinations.

More from Business

US orders 10% flights cut at major US airports due to shutdown

US Transportation Secretary Sean Duffy has said he would order a 10 per cent cut in flights at 40 major airports, citing air traffic control safety concerns as a government shutdown hit a record 36th day.
H.H. Sheikh Mansoor highlights sustainability, innovation at Gulfood Manufacturing

His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, President of the UAE National Olympic Committee, has officially inaugurated the 11th edition of Gulfood Manufacturing at the Dubai World Trade Centre.
Dubai Chamber of Commerce welcomes over 53,000 new companies

The Dubai Chamber of Commerce has announced strong performance figures for the first nine months of 2025, reinforcing its role in driving economic growth and supporting the Dubai Economic Agenda (D33).
ADNOC, Gecko Robotics sign deals to accelerate AI, robotics, skills training

ADNOC and Gecko Robotics have expanded their strategic partnership with three new agreements to explore deploying robotics and artificial intelligence (AI) across ADNOC’s operations and boosting future skills training for UAE nationals.