‘He would explore possibility of investment in hospitality, real estate’
JAMMU, NOVEMBER 18: Minister for Finance and Culture, Dr Haseeb Drabu met Mohamed Alabbar, the founder chairman Dubai’s reputed Emaar Group during the former’s recent visit to UAE to explore the possibility of Emaar Group making some investment in Jammu and Kashmir.
Dr Drabu was in UAE to attend the maiden Arab-India Economic Forum (AIEF) convened in Dubai on 16/17 November.
Mohamed Alabbar has assured Dr Drabu that he will be visiting Jammu and Kashmir soon to explore the possibility of investment in the State.
Dr Drabu said during his meetings with the delegates on the sidelines of AIEF, he informed them that the State Government is planning to establish Special economic Zones (SEZ) in handicrafts, agriculture, horticulture, education, hospitality and power to draw investment.
He said the State Government is also looking to build new model of public-private partnership in J&K to attract investment and build infrastructure in key sectors. “I invited the investors from Dubai to explore the possibility of investment in tourism, hospitality and real estate sector in J&K,” Dr Drabu said.
Emaar Group is the Dubai’s largest real estate firm, founded by Alabbar in 1997.
Alabbar leads Emaar’s growth strategy of global expansion and business segmentation into property development, hospitality & leisure, and shopping malls.