STOCK MARKET BSE NSE

Dubai fast-tracks licences for investors from Kerala

Dubai is all set to woo investors from the state as the Dubai Investment Promotion Department has rolled out special avenues to provide licence to investors from the state.

Published: 22nd April 2018 01:34 AM  |   Last Updated: 22nd April 2018 03:55 AM   |  A+A-

By Express News Service

KOCHI:  Dubai is all set to woo investors from the state as the Dubai Investment Promotion Department has rolled out special avenues to provide licence to investors from the state.

“We are aiming to provide investors from Kerala with licence and all necessary documents within a week. We are also looking at growing investments from the country in various sectors including aviation and logistics,” said Ibrahim Hussain Ahil, Director, Dubai Investment Promotion Department.

At the last investors' meet held in Hyderabad, 15 MoUs were signed and a major group had confirmed a `50 crore investment in the IT sector in Dubai.

“A lot of people come to Dubai to start business. But many fall prey to fraudsters. To start a business in another country, it's important to understand the market and the rules of the country. This is where we come in and facilitate the investors,” said Musthafa Zafeer, founder and chairman, Musthafa and Almana, which is a strategic partner of Dubai Investment Promotion Department.

Stay up to date on all the latest Kerala news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp