Many of these businesses say closing down is only way to save their money. Restaurant businesses all across the UAE are now starting to put up ‘For Sale’ signs in these unprecedented times, with owners now realising that there is no escape from the destruction set off by the global pandemic.
“It’s a situation where for many if they try to open, it would mean more cash bleeding and which they will never recover, only government-owned locations have been given rent deferrals or rent-free for up to three months. But the vast majority of landlords have not offered any such break. It will accelerate the destruction of the F&B industry.” – industry source.
