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
Just to respect.. not to practice...............
Ganesh please recheck your name!! GOD doesnt have wife, child etc. only in story. HINUD was not religion it was name given by arab muslim also the sanathana darma teached only one GOD no image, plz listen to zakir naik video he know you sanathana darma more then your fake babas
idol worshipping is biggest sin in front of god. some people take gods name and do many wrong things i hope you aware of this.
Bava if you worshipp IDOL for vote bank then your 40days salah will be invalid.
am not saying quran says
Every Muslims respect other religion. But it does not mean to leave Islam and pray to other religion Statues.
Every Muslims give respect to other religion. But it never means go against Islam (go to temple and perform pooja).
Mr. bava tried to keep his leg in two boats.. anyway good justification
Bava scared of religious votes.. thats why this justification
Religion completely a person's choice/taste. There may be some adaptation while pursuing/believing/following
True.. Well said bava. but from your religion many people blindly admiring Zakir Naik, who never given respect to other religion and other religious people
Add new comment