MA YOUSAF ALI, A RARE ACHIEVEMENT IN SAUDI THE FIRST INDIAN TO GET A PREMIUM RESIDENCE .
MA YUSUFALI, A PROMINENT EXPAT ENTREPRENEUR AND CHAIRMAN OF THE LULU GROUP BECAME THE FIRST INDIAN TO RECEIVE A PREMIUM RESIDENCE CARD IN SAUDI ARABIA. THE SAUDI GOVERNMENT IS GRANTING PERMANENT RESIDENCE TO FOREIGNERS AS PART OF A PLAN TO ATTRACT MORE INVESTORS TO SAUDI ARABIA.
THE PREMIUM RESIDENCY CARD IS A LIFETIME STAY FOR LARGE INVESTORS AND THE BEST TALENT IN VARIOUS SECTORS. THE PROJECT WAS CREATED BY CROWN PRINCE MOHAMMED BIN SALMAN TO ATTRACT MORE GLOBAL INVESTORS TO THE SAUDI.
MA YOUSAF ALI SAID SHE WAS VERY PROUD AND DELIGHTED TO BE AWARDED THE FIRST PREMIUM RESIDENCE CARD IN SAUDI ARABIA. HE THANKED KING SALMAN AND THE SAUDI CROWN PRINCE MOHAMMED BIN SALMAN. YUSUF ALI ADDED THAT THE FIRST PREMIUM HE RECEIVED WAS SEEN AS AN HONOR FOR THE RESIDENT EXPATRIATES.
YUSUFALI WAS EARLIER GRANTED THE UAE’S FIRST PERMANENT RESIDENCE PERMIT.
UNDER THE PREMIUM RESIDENCY SCHEME, NON-RESIDENT SAUDI CITIZENS ARE ALLOWED TO DO BUSINESS IN THE SAUDI ARABIA WITHOUT SPONSORSHIP AND TO BUY PROPERTY IN THE HOLY CITIES OF MAKKAH AND MEDINA. AS PART OF EXPANDING OPERATIONS, LULU WILL LAUNCH 30 NEW HYPERMARKETS IN 2022 SAUDI.
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