Dubai: Public services requiring government fees in the UAE will not be increased for a period of three years, it was announced on Wednesday.

The decision not to increase federal fees was reached during a cabinet meeting and it’s intended to attract more foreign investment and promote economic stability.

This development was announced in a message posted on Twitter by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

“We decided not to increase the federal fees during the next three years, to restore the economic and social stability of the state and to support our industrial and commercial sectors and attract more foreign investments,” the Vice-President tweeted.