Tag Archives: NRI Businessman MA Yusuff Ali

UAE-Based Indian Businessman Yusuff Ali Appointed Vice-Chairman Of Abu Dhabi’s Top Govt Body

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KERALA / UAE :

Crown Prince of Abu Dhabi Sheikh Mohamed Bin Zayed Al Nahyan has appointed prominent Indian businessman M.A. Yusuff Ali as the vice-chairman of the apex government body for all businesses operating from the UAE’s capital city, making him the only person from India on the 29-member board.

Yusuff Ali is the chairman and managing director of UAE-based Lulu Group International, which runs a chain of businesses with an annual turnover of over 8.1 billion dollars.

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Mohamed bin Zayed has issued a resolution to form a new Board of Directors for Abu Dhabi Chamber of Commerce and Industry, chaired by Abdullah Mohamed Al Mazrouei.

65-year-old Yusuff Ali was ranked the richest expat in the UAE by Forbes magazine 2019 and is the first Indian to receive permanent residency in Saudi Arabia. Ali also has a sizeable stake in Cochin International Airport Ltd. which runs and operates the Kochi airport.

Sheikh Mohammed issued a resolution to form a new Board of Directors for the Abu Dhabi Chamber of Commerce and Industry (ADCCI), chaired by Abdullah Mohamed Al Mazrouei and Yusuff Ali as the Vice-chairman.

The ADCCI is the apex government body of all businesses established in Abu Dhabi. It will function as an effective bridge between the government and the business sector. Accordingly, every business establishment in Abu Dhabi has to be licensed by ADCCI.

Yusuff Ali described his appointment as “a very humbling and proud moment” in his life.

“My sincere gratitude to the visionary leadership of this great country and I will strive to do my best towards justifying the great responsibility entrusted upon me. Apart from working for the growth of Abu Dhabi economy & the larger business community, I will sincerely work towards further boosting the Indo-UAE trade relations,” he said.

Ali was recently honoured with the Abu Dhabi Award 2021, the highest civilian honour for his almost 5-decade long contributions in the fields of economic development and philanthropy.

source: http://www.thecognate.com / The Cognate / Home> News / by The Cognate News Desk / July 26th, 2021

Retail tycoon is first Indian to gain coveted Saudi ‘green card’

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KERALA / Abu Dhabi , UAE :

Yusuff Ali M.A
Yusuff Ali M.A

  • Yusuff Ali M.A: “This is obviously a very proud and humbling moment in my life,”

Jeddah :

Abu Dhabi-based retail tycoon Yusuff Ali M.A. on Monday became the first Indian citizen to obtain Saudi Arabia’s coveted Premium Residency, widely known as the Saudi “green card.”

“This is obviously a very proud and humbling moment in my life,” the chairman and managing director of the group that owns the LuLu chain of hypermarkets told Arab News.

“It is a great honor, not only for me but also for the entire Indian expat community, and I sincerely thank King Salman, Crown Prince Mohammed bin Salman and the government of Saudi Arabia.

“I am sure this new permanent residency initiative will further boost Saudi Arabia’s image as one of the key investment and business hubs in the region in addition to attracting and retaining new investors here.”

Premium Residency is a special residence permit that gives expatriates who meet its conditions the right to live, work, and own business and property in the Kingdom without a sponsor. It is a key part of the crown prince’s Vision 2030 reform plan to diversify the Saudi economy.

The Kingdom had become an attractive investment destination because of the remarkable growth of its economy, Yusuff Ali said. “Investors can now come here and invest freely; they can buy property and feel at home, secure and safe.

“What does an investor need? He needs security such as premium residency. The economy of this great country is booming so this is the best time for international investors to come, invest and take advantage of Saudi Vision 2030.”

The tycoon said international investors and businessmen were looking to Saudi Arabia because of how the country had been transformed. “We want to export agricultural products from Saudi Arabia and use the innovations and transformations in the business sector,” he said.

source: http://www.arabnews.com / Arab News / Home> News> Business & Economy / March 04th, 2020

Kerala NRI in London converts Old Scotland Yard police HQ into 5-star hotel

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KERALA / U.A.E. :

At the helm of this 300 million pounds (over Rs 28,06,09,18,200 roughly) investment is the Kerala born NRI businessman MA Yusuff Ali.

Kerala NRI in London converts Old Scotland Yard police HQ into 5-star hotel

A night stay at the hotel will cost you over Rs 40,000 and lunch over Rs 10,000 | Photo from Twenty14 Holdings website

Once upon a time in London, United Kingdom the address people would have wanted to avoid might be now the place they might aspire to be in – The Great Scotland Yard Hotel.

Better known as the Old Scotland Yard that served as police headquarters, now is a plush 5-start hotel.

At the helm of this 300 million pounds (over Rs 28,06,09,18,200 roughly) investment is the Kerela born NRI businessman, MA Yusuff Ali of Lulu Group’s hospitality arm, Twenty14 Holdings.

Calling it a “dream come true” to transform world’s most historic addresses, Adeeb Ahamed, the managing director of Twenty14 Holdings said, “This building holds more tales than ever told and our approach has been multi-layered, with emphasis on stories that are unheard, the hotel is a tribute to the intrinsic spirit of London.”

Opened to public from the December 5, it was inaugurated by Nicky Morgan, UK secretary of state for digital, culture, media and sport.

Speaking about the “exceptional transformation” that the building has undergone Sir Edward Lister, special advisor to the Prime Minister, said, “It is a place which is right at the heart of the city and the government and the West End of London. It’s just a perfect location for a tourist.”

Event was also attended by the High Commission of India, her excellency Ruchi Ghanshyam amongst other Lords and dignitaries.

It might cost upward of 430 pounds (Rs 40,000 roughly) to stay for a night and 100 pounds (Rs 10,000 roughly) to lunch at the The Great Scotland Yard Hotel that has Trafalgar Square, Whitehall and the West End just round the corner.

Current building at 3-5 Great Scotland Yard has grand five storey Imperial Red brick and stone facade with arched main entrance | Photo from Twenty14 Holdings website

From staff wearing brass hand cuff in their belts to retaining some of the writings on the walls, this dog-friendly hotel endeavours to give its guests an eclectic experience of past and the present.

Shafeena Yousuff Ali, the daughter of Yusuf Ali, the woman behind the art and decor of the hotel said that they have tried to give their guests “a transformational experience that will inspire their souls”.

The operations of the hotel have been handed over to The Unbound Collection by Hyatt.

source: http://www.indiatoday.in / India Today / Home> News> World / by Loveena Tandon / December 06th, 2019