The chairman of the massive retail group, Lulu, is the first of over 6,000 stakeholders investing in the UAE who set to receive permanent residency in the Middle Eastern state under new initiative launched by the state's officials, APA reports citing Sputnik.
The United Arab Emirates has granted its first gold card, guaranteeing permanent residency in the wealthy state to Indian entrepreneur Yusuff Ali in Abu Dhabi. The honorary document was provided to the tycoon by Executive Director of the General Directorate of Residency and Foreign Affairs, Brig Saeed Al Shamsi.
Commenting on the authorities' decision to select him as first recipient of the gold card, Ali said he was "totally humbled and at the same time feeling extremely proud at this very important day in my life".
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