Delegations from Gulf arrive in Kashmir for investment summit


By Ubairul Hameed

On Sunday afternoon, a high level international delegation, largely from the Gulf Cooperation Council (GCC) countries, arrived in Kashmir for a four-day tour.

The delegates will attend the “Gulf Business Summit” on March 22 and discuss exploring investment prospects in various industries in J&K, according to officials.

“Investment prospects with an emphasis on entrepreneurship, tourism, and hospitality in UT will be showcased to the delegation, and the delegation is also expected to visit several tourist locations in the valley to explore investment opportunities in the tourism and hospitality industry,” they said.

The Roya International Group, Al–Tayer Group, Intercontinental Dubai, Hanadi Trading Est. Promoter, Al–Hashemi Group, Rawaaj Partner Representative of the Rulers Office in Abu Dhabi, Al Mal Capital, and other UAE–based enterprises paid a visit to Pari Mahal near the Dal Lake in Srinagar on Monday.

Ayman Abdulrahman S Alhilali, CEO of Saudi Arabia’s Alpha Sky, is also in attendance. This is the first time a Saudi Arabian investor has expressed interest in J&K.
Al Maya Group, MATU Investments LLC, GL Employment Brokerage LLC, Century Financial, Noon E-commerce, Magna Waves Pvt. Ltd, Emaar Group, and Lulu International are some of the companies which are expected to invest in the region, according to officials.

Earlier in January, The Union Territory of Jammu and Kashmir signed six agreements with global investors at Dubai Expo 2020 to bring in investments in a variety of industries, including real estate, infrastructure, tourism, and healthcare.

According to some media reports, Pulwama and Pampore in South Kashmir are emerging as hotspots for investors, with over 5,000 kanals of land up for grabs.

Meanwhile, the delegation drew criticism from several people for “Shaking hands with the criminals”.

“India continues to murder & rape Muslims yet a UAE delegation are happy to invest through the terrorists and contribute towards eliminating Muslims without even uttering a word for thr persecuted. Is this our Ummah?” A Kashmiri activist wrote on Twitter.

“Soooo they’ll care about investment in Kashmir but not the ongoing human rights abuses? Sounds about right. These so-called “Muslims” only care about $$$.” Another social media user wrote.


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