The UAE Ministry of Economy organized a media briefing on consumer protection measures in the UAE. It focuses on preparations for Ramadan 2019. The briefing was chaired by H.E. Eng. Sultan bin Saeed Al Mansoori, the Minister of Economy.
Dr. Hashim Al Nuaimi, Director of the Competitiveness and Consumer Protection Department at the Ministry of Economy, reviewed the efforts and initiatives undertaken by the Ministry in cooperation with its partners from various federal and local governmental authorities and the private and cooperative sectors in all emirates of the UAE. These will enable sound business practices, protection of consumers, safeguard their rights and promote consumer awareness, thereby enhancing market stability.
Al Nuaimi said that the daily import of vegetables and fruits to Dubai’s market during the holy month of Ramadan will be around 23,000-25,000 tons, while the imports by Abu Dhabi traders will exceed 4,500 tons daily. The current stock of vegetables and fruits has increased to around 130,000 tons this year, thanks to the recent advancements in storage refrigerators in both Al Mina Fruit and Vegetable Souk in Abu Dhabi and Dubai’s Al Aweer Central Fruit and Vegetable Market.
Price freeze
Also, the price freeze initiative continues this year for the seventh year in a row. This is set to enhance consumer satisfaction by ensuring the availability of a specific set of commodities that are not subject to market variables, through various cooperative societies and outlets in the country. He explained that the initiative this year includes around 5,000 commodities, with 11 per cent increase in the number of fixed price goods compared to last year.
AED 350 million to support Ramadan discounts
Al Nuaimi also reviewed the support initiatives launched by co-op societies and outlets to ensure reduced prices for a wide range of important commodities during the Ramadan and Eid Al Fitr season. The total value of these measures adopted by 650 co-ops and outlets is estimated at AED 350 million (€85 mln). These initiatives will allow 50–75% discounts on more than 10,000 commodities.
Source: menafn.com
