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
Feeling deeply hurt while reading such news about this Genius, Brilliant and highly knowledgeable person. What was his mistake ?that he called people toward truth? made them spend proper life and to lead a peaceful life which may benefit mankind in both the world?? he spoke the truth publicly is the terrorism??is he provoked anything which made his team to kill anyone. Many people in the world appreciating about his deeds but same time many people talking bad about PM Modi so who is what here. His Allah is with him and he is a strong believer. May Allah protect him from this calamity Aameen.
Islam says Suicide is an unforgivable SIN...
ALLAH gave us this LIFE, and QURAN is the manual to understand what is LIFE...
Non-Muslims should read the QURAN (U can check online thequranproject) to understand better, How ALLAH created Life and death and What is the purpose of this life...
QURAN is not just for the Muslims... it is a GUIDANCE from our CREATOR To the whole of UNiverse... Please look into it... U will be enlightened.
Those who are HONEST in looking for the CREATOR... ALLAH will Guide them... thats the trust we should have.... God is GREAT (ALLAHU AKBAR)
NA TASYA PrATIMA ASTI... there is no image of God....
she needs beef sukka
IS this not enough for HINDU brothers & Sisters to stay far away from the real Killers of our society. if U dont use your intellect and recognize the real culprits in our society... We will all dome our society with the liars and killers in disguise.
Whatever ways U want to block , ISLAM will grow with Zakir naik or Without HIM...
Enemies of ISLAM plan, But ALLAH has a plan...
Everything happens with the will of ALLAH. ALLAH's plan will Succeed..
Non Muslim should use their God given intellect to VERIFY what wrong thing Dr. Zakir naik says... If he is bringing near to the one LORD ALLAH to U guys then accept it (Even vedas says NA tasya pratima Asti - There is no image of GOD) Dont U think as Human beings are the smartest creation of ALLAH who can analyse and reason when they use their INTELLECT.
Why dont U guys think and PONDER on the lives we were created by ALLAH... Y We only believe the LIARS when we know the authorities caught lying many times...
Wake up guys... and PONDER on what ZAKIR NAIK says and Stop believing whatever LIARS want U to believe.
Add new comment