Restaurant businesses start shutting down in UAE

Friday, 8 May 2020Newsdesk

Restaurant businesses in the UAE are starting to put up ‘For Sale’ signs, with their owners realizing there is no escape from the destruction set off by the COVID-19 pandemic. As per news report of Gulf News, Licenses and even the equipment and furniture are being offered at steep discounts in hopes that someone out there will buy them.

New Delhi, 08 May 2020

“It’s a situation where for many if they try to open, it would mean more cash bleeding and which they will never recover,” said an industry source. In Dubai, of the 11,000 outlets registered as F&B, anywhere between 40-50 per cent are unlikely to remain in business over the next few months, according to multiple industry sources.

Source -Gulf News