Umar Farooq Zahoor said India-UAE Relations Strengthens and Dubai Shines Alongside

As the year passes, the warn relationships between the United Arab Emirates & India have improved and strengthened that is based on mutual trust, civilization bonds, respect, and cultural moorings. Umar Farooq Zahoor found that the United Arab Emirates is the third best and largest trade partner of India and a major crude oil exporter in terms of huge bilateral investments as well as a yearly bilateral trade of approximately USD sixty billion. In the upcoming years, the UAE is supposed to make more and more investments in some key areas of the economy of India. In the food industry, the United Arab Emirates has already an investment worth USD seven billion that is confirmed to date. It is expected to get the advantage of around twenty million farmers and come up with a jobs count of approximately 200,000 each year. The investment in the UAE in logistics, ports, defense, highways, airports, and petrochemicals is supposed to thrive in the next few years while there is a great flow of foreign direct investment from India to that of Dubai. Most of the Indian Entrepreneurs as well as other start-up ventures wanting to establish a base and market expansion to other areas as invested in Dubai. Dubai has 3,000+ start-ups with around two-hundred Indian nationalities and other Indians set up thirty percent of the start-up community of Dubai. In addition to this, Umar farooq Zahoor continued with all parameters and said that India is on the top when it comes to investing in the real estate sector of Dubai. Also, Umar Farooq shed light on the data released by the Dubai Land Department with 5000+ Indian nationals as invested in the real estate area of Dubai in the year 2019 pushing the investment in more than 10 lacs Dh. Billion. UAE has a count of some new initiatives to grabbing the attention of Indian talent as well as investors in the past and the citizenship proffered to doctors, scientists, investors, and artists. Umar also revealed that the data come from the World Bank has grown from 104 USD billion in around 2000 to that 400+ USD billion by the year 2019.

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