Travel

Dubai to waive bank guarantee, to inject $68m in tourism ecosystem

7 monthes ago   |   By

For tourism-related service providers Dubai Tourism has released approximately $68 million in bank guarantees to start travel and tour business in the emirate. This is followed by the waiver of the prerequisite regulatory requirement.
Dubai's economy will get instant liquidity via the new deregulatory measure that will facilitate in lowering the cost of doing business and help further investment in the sector.
Through this the Dubai Tourism wants to directly benefit more than 2,000 travel and tour operators and agencies in Dubai. This is in complete alignment with the directive of HH...
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