The committee will propose and implement measures to combat the economic impact of Covid-19
The UAE will set up a committee to “address the negative impact” of the ongoing coronavirus, according to the UAE’s state-run WAM news agency.
The move is part of a wider effort to support the economy amid the Covid-19 crisis.
The resolution – now approved by the UAE Cabinet – comes in the wake of a AED 16 billion economic stimulus package designed to ensure business continuity and mitigate the impact of the virus, along with separate stimulus packages and aid from Abu Dhabi, Dubai and the UAE’s Central Bank.
The new committee will be chaired by the UAE’s Minister of Economy, Sultan bin Saeed Al Mansouri, and will include representatives from relevant entities.
The body has been tasked with proposing – and implementing - the necessary measures to limit the negative impact of the virus on human resources and the economy, which will then be submitted to the UAE’s cabinet.
Additionally, the committee will assess the impact of these measures and their efficiency in responding to economic challenges caused by Covid-19. It will also present a weekly report on developments to the cabinet.binet.