New initiative as part of the Dubai Social Agenda 33 offers Emirati retirees in Dubai benefits, incentives and more

Emirati retirees in Dubai can now take advantage of a number of benefits and incentives offered by government entities. These include a five-year service fee exemption, financing for their future projects, and consultation support to ensure maximum returns on their projects. The action is a component of the Dubai Social Agenda 33, which was introduced under the topic "Family: The Foundation of Our Nation" by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai.

A Memorandum of Understanding (MoU) was signed by the Dubai Police General Command and the Department of Economy and Tourism of Dubai, represented by the Mohammed Bin Rashid Establishment for Small and Medium Enterprises (Dubai SME), to initiate the "Dubai Retiree Projects Support" project.

Helal Saeed Al Marri, the director general of the Dubai Department of Economy and Tourism, and Lieutenant General Abdullah Khalifa Al Marri, the commander-in-chief of the Dubai Police and a member of the Higher Committee for Development and Citizens Affairs in Dubai, recently signed the Memorandum of Understanding.

Two categories of Dubai residents are the focus of the Dubai Retiree Project Support programme: current retirees and workers who are very close to retirement. The objective is to leverage the combined experience of these two entities to bolster Dubai's progress and enable them to further contribute to the emirate's continuous successes.

The project will provide more career options for seniors and those nearing retirement, in addition to establishing a council for retirees to enhance contacts with them. Through their involvement in SMEs, they will be able to profit from their skills and experience while also gaining an extra source of income to improve their financial security.

In order to assist recipients plan for the next stage of their lives and ensure a happier retirement and a continuance of their constructive role in society, the project also offers consultations. Through partnerships with private sector businesses in Dubai, the scheme also provides assistance to retirees and workers who are getting close to retirement.

For a period of five years, retirees are exempt from service fees as part of the scheme, which aims to streamline business procedures and lessen their financial load. This pushes companies to become more competitive in the SME sector, which is a vital pillar of the national economy and a primary force behind the shift to a knowledge economy.