Dubai, Mar 3: Abu Dhabi-based Indian retail tycoon MA Yusuff Ali has become the first Indian to receive Saudi Arabia's premium residency, his office said in a statement on Monday.
Yusuff Ali, 64, is the chairman of the LuLu Group, who was ranked the richest expat in the UAE by the Forbes magazine last year.
The permit, informally known as Saudi Green Card, grants expatriates the right to live, work and own business and property in the Kingdom without need for a sponsor, the LULU group said in a statement.
The introduction of the Premium Residency comes as a part of Saudi Arabia's Vision 2030 reform plan, which was announced by Crown Prince Mohammed bin Salman to boost the Saudi economy, the statement said.
Yusuff Ali said "obviously a very proud and humbling moment in my life. This is a great honour not only for me but for the entire Indian expat community and I sincerely thank the HM the King Salman, HRH Crown Prince Mohamed bin Salman and the government of Saudi Arabia."
"@Yusuffali_MA , an investor from India, after obtaining Premium Residency in Saudi Arabia: ''The Kingdom became an attractive investment destination due to the remarkable growth in economy," Premium Residency tweeted on Monday.
Yusuff Ali said he was sure that this new permanent residency initiative will further boost Saudi Arabia's image as one of the key investments and business hubs of the region as well as attract and retain new investors.
This initiative is targeting key investors and prominent personalities from various fields, including sports, arts & culture, who have played a defining role in the nation building process.
The Lulu Group owns and operates more than 35 hypermarkets and supermarkets in Saudi Arabia, which includes ARAMCO Commissaries and National Guards super stores.
Comments
Media is giving half report. As this issue relates to bjp, hired media is not giving true figure of explosives + ammunitions seized. There is a report that scores of weapons and bags full of explosives are seized but media is showing only 10 percent of it. Even the inspectors are hiding the figure. However, we common man wants to know the fact. We want to know reason why bjp offices are turned into godown of ammunitiions, explosives, evm machines, ballot papers, voter id cards, adhaar cards etc etc. Why investigating agencies are shut their mouth.
If this news is true then why he not called terrorist.
What type of award central govt will give. For such offenders and to their god fathers a strict punishment must given. Don't spare , for pocessing arms and amuntion remember Sunjay Dut case. All must deported from Maharashtra to Andaman for ever.
Real face of BJP/RSS party
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