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.
"D Raja should demand that communists should shoot and kill his daughter for taking part in the JNU protest. To prove my love for this country, I would have done the same if my child was taking part in such anti-national protests," he told reporters in Coimbatore on Saturday.
Comments
More such a talks are more benefit for Congress. Nai Bogalidare Deva loka haalaaguwude????
Let them bark whatever they feel. Let us fight for the freedom from RSS - Jai JNU
These BJP leaders and their followers are crazy.
Those students are not anti nationals. they are protesting for their rights. They are joined by the staff of the JNU.
Most of the students & staff are Hindus. If you are a flag carriers of Patriotism, how your own children can do this.
They are fighting against govt policy.
Why should the parents kill their children. If you want to kill, die yourself, that is also you don't have right to kill yourself. Because your life is the property of your God and it is given by your God.
Are people Mad ,,,,,even after ZEE tv producer quit and agreed that the slogans were fake .....but its also fact that the damage to JNU almost successful ..........
anyways Fascism is already in Thrid stage....either we have to cut the main part of take proper therapy for Fascist Media
Add new comment