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Home Finance UAE allocates 2 billion dirhams to address the storm damage

UAE allocates 2 billion dirhams to address the storm damage

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Today, Wednesday, the UAE Cabinet approved 2 billion dirhams to address the damage resulting from the weather condition that the country was exposed to during the past week.

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, said UAE, Prime Minister and Ruler of Dubai, in a tweet on his account X website: “In the Council of Ministers today, we approved an amount of 2 billion dirhams to address the damage to citizens’ homes and homes, and a ministerial committee was assigned to follow up on this file, inventory the damage to homes, and disburse compensation in cooperation with the rest of the federal and local authorities.”

Also Read: Abu Dhabi Commercial Bank’s profits exceeded 2 billion dirhams in the first quarter

Last week, the United Arab Emirates witnessed torrential rains, the largest in 75 years. The heavy rains caused major roads, especially in Dubai, to be transformed into waterways, stranding motorists and causing widespread damage to commercial and residential properties.

Sheikh Mohammed bin Rashid Al Maktoum said in a tweet on the Results of exceptional weather conditions.

He added: “We also formed in the Council of Ministers today a committee to inventory the damage caused by torrential rains and torrents on infrastructure and to propose solutions and measures at the state level, headed by the Ministry of Energy and Infrastructure and membership of the Ministry of Defence, Interior, Emergency and Crisis, and other federal agencies, in addition to representatives from all local emirates.”

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