Emergency Fund worth $272k unveiled by UAE’s EPA to boost Publishers

EPA will also guide the publishers on ways to avail of the provisions included in the fund

By Rahul Vaimal, Associate Editor
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Photo by Andrea Piacquadio from Pexels

UAE’s Emirates Publishers Association (EPA) unveiled an ‘Emergency Fund’ worth $272,000 to help several publishers in the UAE who have been critically affected by the disruption induced by the coronavirus pandemic.

Sheikha Bodour bint Sultan Al Qasimi, Founder and President of the Emirates Publishers Association said that it will be assigned with the responsibility of organizing and interacting with Emirati bookmakers, and will also guide them on ways to avail of the provisions included in the fund. “The fund aims to reach affected publishers operating within the country, and by identifying the complex challenges the industry is grappling with, it will further boost efforts to ensure the continuity of their businesses,” the statement explained.

Sheikha Bodour bint Sultan Al Qasimi
Founder and President
Emirates Publishers Association

“The global publishing industry is among the vital economic sectors that have slowed down considerably due to the pandemic. With every crisis, comes an opportunity, and we need to rope in appropriate mechanisms to boost industry resilience and emerge out of it stronger. Today, we stand with our publishers to support and lead them onward to fulfilling vital projects that will boost our knowledge and creativity.”

“It is with the unfolding of a crisis that cooperation and teamwork gain more value than ever. The publishing sector and the cultural community in the UAE have strongly upheld this approach as we navigate current uncertainties and work towards securing our future. The ‘Emirates Publishers Emergency Fund’ is a fresh step in the direction, reflecting a more collaborative approach in promoting the written word. Safeguarding publishers and promoting the local knowledge industry is the need of the hour as the pandemic has proven beyond doubt the efficacy of the book as the most sustainable tool for spreading awareness, promoting values of peace and coexistence, and encouraging cultural dialogue.”

The goals set out by the Fund will be delivered in conjunction with the Sharjah Book Authority and Sharjah Publishing City. EPA appended that additional information on the guidelines and how to avail the fund will be declared at a later date.