DUBAI: Abu Dhabi-based Indian retail tycoon M A Yusuff Ali has become the first Indian to receive Saudi Arabia‘s premium residency, his workplace stated in a statement on Monday.
Yusuff Ali, 64, is the chairman of the LuLu Group, who was ranked the wealthiest expat in the UAE by the Forbes magazine last year.
The license, informally called Saudi Green Card, grants expatriates the right to live, work and own company and home in the Kingdom without need for a sponsor, the LULU group stated in a statement.
The introduction of the Premium Residency comes as a part of Saudi Arabia’s Vision 2030 reform strategy, which was announced by