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
May be because of infected Gomoothra
JINU...
How did U come into being... QURAN speaks on our CREATOR who created all that exits... and It asks us to use our intellectual which ALLAH has given us. I request you to PONDER on what it says...
Please read the QURAN once & research what it says... Dont just sit idle and make your own asumption. living a life of unaware... about the CREATOR will be worse than animals..
May God help them all! They are all innocents.
Devaru kotta prasada beda annbardu...! May be some sanghi poojaris' wanted to cut down cost for his selfishness. Probe needed.
May the victims recover soon!
I agree, believing blindly doesnt make sense... But God has given intellectual to human being and he created us to worship him alone... Y dont we use our intellectual to know who is worthy of Worship rather than worshiping idols and animals...
Even in vedas, it say that those who worship such things are in DARKNESS...So to come out of such DARKNESS ... the idols or man made god worshipers should try to know who is GOD and Y we need IDOLs to reach GOD...
God says he is near to any caller, there is no need keep any life less object and ask with it... in other sense U can call him by saying \O the one who put soul in me, who gave life to me ...Guide me.No doubt his help will come to those who trust him... Try it."
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