A leading Dubai-based Indian businessman has said the UAE government's move to introduce 100 per cent ownership and permanent residency initiative for expats will further strengthen the economic relations between India and the Emirates.
Welcoming the initiative, Firoz Merchant, chairman of Pure Gold Group said, "I am grateful and very much thankful to the government of the United Arab Emirates for introducing the 100 per cent ownership and lifetime Permanent Residency initiative."
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