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
jaathi buddi yelli hogatte ... put him to jail for shouting Pro jihadist slogans .. haha one his ummah third rated fellow is giving long lecture ...
The story may be a different :
First of all the passenger I believe they are Muslims.
Secondly if two persons sitting together and if they talk anything
how others will come to know. Anyone talks loudly?
Thirdly talking about ISIS is a crime??? we always talk about these terrorists group and their killing innocents etc. Is this crime??
Even though if we assume they are supporters of ISIS , are they crazy to support and talk in public??
The reason may be different, simply to make this issue a big , the airlines crew made this drama.
WE ALL EVEN LOUDLY AND WITH ALL OUR SPIRIT SHOULD SAY
THAT THE ISIS IS A MOST DANGEROUS , CRUEL AND ANTI HUMAN TERRORIST ORGANIZATION AND WE SHOULD DO ALL OUT WAR AGAINST THESE DEADLY TERRORISTS.
send this ISIS lover to Iraq / Syria and let him enjoy there. such people are burden to our society. If he is so much interested in ISIS he should join them and no need to come to India.
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