Multinationals and family businesses have pledged support for Community Solidarity Fund against COVID-19
The Dubai Chamber of Commerce & Industry has received a considerable number of pledges from multinationals and family businesses in the emirate to contribute to the Community Solidarity Fund Against COVID-19, launched by the Islamic Affairs and Charitable Activities Department. The fund is a major step towards mitigating the economic, social, and health challenges posed by the outbreak of the novel Coronavirus (COVID-19), according to His Excellency Hamad Buamim, President and CEO of the Dubai Chamber of Commerce and Industry.
The Chamber will make an initial contribution of AED10 million, to be followed by a series of additional initiatives that seek to empower the business community to minimise the negative impact of the Coronavirus in the emirate, give back to their communities, and support Dubai’s business sector through these difficult times.
H.E. Buamim continued, “The Chamber will work closely with all relevant government entities to dedicate the Fund’s proceeds to supporting the private sector in Dubai. We have set a complete plan to assist the small and medium enterprises (SMEs) sector, mainly those companies that are particularly struggling through these exceptional conditions. Most importantly at this stage though, is providing blue collar workers who have completed their work and would rather return home the financial means to do so.”
According to a statement from The Chamber, it is committed to supporting workers in the construction sector from a logistical and humanitarian point of view, in keeping with the Chamber’s mandate to represent, support, and protect the interests of the business community in the emirate.
On a similar note, the Dubai Chamber’s Centre for Responsible Business will be playing a larger role in the upcoming period, incentivising companies to fulfil their social role, encouraging businesses to implement concrete measures that align with the emirate’s vision and cement its status as a world-leading destination for responsible, sustainable business.