Tag Archives: Yusuffali M A

UAE-Based Indian Businessman Yusuff Ali Appointed Vice-Chairman Of Abu Dhabi’s Top Govt Body

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KERALA / UAE :

Crown Prince of Abu Dhabi Sheikh Mohamed Bin Zayed Al Nahyan has appointed prominent Indian businessman M.A. Yusuff Ali as the vice-chairman of the apex government body for all businesses operating from the UAE’s capital city, making him the only person from India on the 29-member board.

Yusuff Ali is the chairman and managing director of UAE-based Lulu Group International, which runs a chain of businesses with an annual turnover of over 8.1 billion dollars.

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Mohamed bin Zayed has issued a resolution to form a new Board of Directors for Abu Dhabi Chamber of Commerce and Industry, chaired by Abdullah Mohamed Al Mazrouei.

65-year-old Yusuff Ali was ranked the richest expat in the UAE by Forbes magazine 2019 and is the first Indian to receive permanent residency in Saudi Arabia. Ali also has a sizeable stake in Cochin International Airport Ltd. which runs and operates the Kochi airport.

Sheikh Mohammed issued a resolution to form a new Board of Directors for the Abu Dhabi Chamber of Commerce and Industry (ADCCI), chaired by Abdullah Mohamed Al Mazrouei and Yusuff Ali as the Vice-chairman.

The ADCCI is the apex government body of all businesses established in Abu Dhabi. It will function as an effective bridge between the government and the business sector. Accordingly, every business establishment in Abu Dhabi has to be licensed by ADCCI.

Yusuff Ali described his appointment as “a very humbling and proud moment” in his life.

“My sincere gratitude to the visionary leadership of this great country and I will strive to do my best towards justifying the great responsibility entrusted upon me. Apart from working for the growth of Abu Dhabi economy & the larger business community, I will sincerely work towards further boosting the Indo-UAE trade relations,” he said.

Ali was recently honoured with the Abu Dhabi Award 2021, the highest civilian honour for his almost 5-decade long contributions in the fields of economic development and philanthropy.

source: http://www.thecognate.com / The Cognate / Home> News / by The Cognate News Desk / July 26th, 2021

UAE-based Lulu Group to set up food processing centre in Jammu and Kashmir

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Dubai, UAE :

Currently, Lulu imports apples and saffron from Kashmir and imports will significantly increase in the coming years.

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The UAE-based Lulu Group International has announced a plan to set up a food processing centre in Srinagar for sourcing a wide range of agri products from Jammu and Kashmir.

The announcement was made by Lulu group chairman Yusuffali MA on Thursday during a meeting with a delegation from Jammu and Kashmir headed by its Principal Secretary (Agriculture Production and Horticulture) Navin Kumar Choudhary on the sidelines of the UAE India Food Security Summit 2020.

“As per the commitment made during the visit of Prime Minister Narendra Modi to UAE in 2019, Lulu Group is fully focused on sourcing a wide range of agri products from J&K,” Yusuffali, who is from Kerala, said.

“Setting up of a new food processing and logistics centre will further boost the export of Kashmiri products,” he said.

Currently, Lulu imports apples and saffron from Kashmir and imports will significantly increase in the coming years.

The group imported more than 400 tons of Kashmiri apples till date, despite several challenges in the recent past due to the coronavirus pandemic, according to an official statement.

Yusuffali said Lulu group is one of the leading importers of food and non-food products from India and setting up of a new food processing and logistics centre will further boost export of Kashmiri products to the Gulf Cooperation Council (GCC) and other countries.

GCC is a political and economic union of six Arab states bordering the Gulf.

Its members are the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain.

Describing the meeting as “very productive”, J&K Principal Secretary Choudhary said a large number of decisions were taken to promote the export of agriculture and horticulture products from the union territory to the entire Gulf region using stores of Lulu group.

He assured all help to Lulu group for setting up logistic facilities and offices at identified facilities in J&K.

Choudhary also welcomed the initiative of Lulu group to host a “J&K special” fortnight at all super markets at its group across the Gulf region on the occasion of Republic Day-2021 as part of Incredible India.

This fortnight celebration will begin on January 24 next year and will showcase J&K’s famous products like cuisine and cultural heritage, the statement said.

The discussions also focused on exploring the possibility of direct passenger as well as regular cargo flights between Srinagar and Dubai.

An MoU was also signed between Lulu group and Fruit Master Agro Fresh J&K for the supply of apple and other fruits for the super markets of Lulu group across the Gulf countries, the statement said.

Indian Consul General Aman Puri congratulated Lulu group for announcing a host of initiatives and the long-standing commitment and partnership in achieving the target of doubling J&K’s exports and expressed his gratitude to the company chairman for his initiatives in the union territory which would generate employment opportunities for local youths and contribute to the economic development of the region.

source: http://www.newindianexpress.com / The New Indian Express / Home> Business / by PTI / December 11th, 2020

Yusuffali M A is fifth highest-ranked Indian philanthropist

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KERALA / U.A.E. :

Lulu Group chairman Yusuffali M A is ranked fifth in the list of top 10 philanthropists in the Hurun Indian Philanthropy List 2018 published on Saturday.

Yusuffali M A, CMD, Lulu Group, and A J Pai, Director, Lulu Tech Park, looking at a scale model of Lulu Cyber Tower-2 | Albin Mathew
Yusuffali M A, CMD, Lulu Group, and A J Pai, Director, Lulu Tech Park, looking at a scale model of Lulu Cyber Tower-2 | Albin Mathew

Kochi :

Lulu Group chairman Yusuffali M A is ranked fifth in the list of top 10 philanthropists in the Hurun Indian Philanthropy List 2018 published on Saturday.

Yusuffali is the lone Malayali to figure in the list which ranks benefactors who have donated  `10 crore or more during the October 2017- September 2018 period, said Anas Rahman Junaid, managing director and chief researcher, Hurun Report India.

He had donated more than `50 crore to the Chief Minister’s Distress Relief Fund in the aftermath of the flood havoc last year.

He had  donated generously during the devastating temblors at Latur, Maharashtra and Bhuj in Gujarat, the 2004 tsunami tragedy, Uttarakhand deluge and floods in Jammu and Kashmir.

Yusuffali has also assisted several Indians, stranded in the Gulf countries, providing them financial aid and flight tickets.

source: http://www.newindianexpress.com / The New Indian Express / Home> States> Kerala / by Express News Service / February 10th, 2019