As part of Dubai's effort to reduce the cost of doing business and enhance the emirate's attractiveness as a preferred investment destination, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, on Monday ordered to reduce the municipality fees on sales at restaurants and hotels from 10 to 7 per cent.
"We continue to work under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum to provide more business facilities to enhance Dubai's competitiveness under a policy that ensures the growth of partnership between the public and private sectors," Sheikh Hamdan said.
"We continue to take firm steps to establish Dubai as a preferred destination for visitors and businesses internationally, and our incentive policies are aimed at making Dubai the best place in the world to do business," he said.
"The tourism and hotel sector is a major pillar of our efforts to diversify the economy and sources of income. Its sustainability requires creating an attractive environment for tourism and investment."