fbpx

Indian tycoon becomes first Indian to receive premium ‘Green Card’ in Saudi Arabia

Reading Time: < 1 minute
Indian tycoon becomes first Indian to receive premium ‘Green Card’ in Saudi Arabia

An Indian retail tycoon based in Abu Dhabi has become the first Indian to receive premium residency in Saudi Arabia.

Yusuff Ali was ranked as the richest expat in the United Arab Emirates by Forbes Magazine in 2019. He has now received premium residency, informally called the Saudi Green Card, that allows him the right to live, work, and own business and property in the Kingdom without requiring a sponsor.

This ‘Premium Residency’ is part of Saudi Arabia’s Vision 2030 that was announced by Crown Prince Mohammed bin Salman. It looks to target key investors and personalities in fields like sports and arts who have played a definitive role in building the nation.

In 2019, 73 foreigners of various citizenships were granted this ‘premium residency’ by Saudi Arabia.

“This is a great honour not only for me but for the entire Indian expat community and I sincerely thank His Majesty the King Salman, His Royal Highness Prince Mohammed bin Salman, and the government of Saudi Arabia,” said the 65-year-old tycoon.

He is chairman of the LuLu Group that owns and operates more than 35 hypermarkets and supermarks across Saudi Arabia

READ ALSO: Mukesh Ambani 9th richest in the world: Forbes

- Advertisement -

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
- Advertisement -

Podcasts

Let’s Talk Boosters: Indian Link podcast

0
  In LET'S TALK BOOSTERS, a new podcast series by Indian Link, host Ekta Sharma quizzes Dr Kritman Dhamoon of Blacktown Hospital Sydney about booster...
Frontline worker Parita Patel (inset). Image supplied

‘Serving the community’: COVID testing in remote NSW

0
  The past two years have been a rollercoaster of COVID-19 related turmoil; from isolating lockdowns, closed borders, to trying to help Indians in the...

Ep 9: What do young Indians want from love?

0
  Growing up in Indian culture, most of us know that love has never been as popular as marriage. Even in the movies, the main...
- Advertisement -

Latest News

Review: Unpaused: Naya Safar

0
  Unpaused: Naya Safar is an anthology of five powerful short films that leave their imprints on the mind of the viewer much after you...
gurpreet singh

#MyWork: Prison officer Gurpreet Singh

0
  Sydney’s GURPREET SINGH tells RAJNI ANAND LUTHRA about his work with Corrective Services NSW. My job title Deputy Superintendent Classifications and Placement, at the Silverwater Correctional...
Bhaukaal 2

Review: Bhaukaal season 2 (MX Player)

0
  There is no pre-defined meaning to the title, 'Bhaukaal', but colloquially in the local North Indian lingo, it egoistically means "in one's own style,...

Auntyji on the ethics of cross-racial surrogacy

0
  Dear Auntyji I don’t know if you have watched a Hindi film on surrogacy on Netflix called Mimi, but I have a question for you...
book review rashida tayabali

BOOK REVIEW: Life after Ali by Rashida Tayabali

0
  The story begins with Tasneem, a mother of two adolescent children, attending her husband Ali’s funeral at a mosque in Sydney. Ali’s sudden and untimely...