-
Sajan says UAE provides incentives and legislations that encourage investment and commerce
-
Thanks UAE leadership for amending federal laws regulating businesses
Rizwan Sajan came to Kuwait as an 18-year-old boy for work. But the first Gulf War forced him to return home in India’s financial capital, Mumbai.
He then moved to Dubai in 1993 and started working at a hardware store. When he established his own business, his wife Sameera Sajan was his first employee. Today, his company, Danube Group, which he started as a small trading firm in 1993, has a turnover of $1.4 billion and operations in 50 locations globally, employing about 3300 employees.
He is one of the first foreign investors to receive a golden residency visa.
Hailing the country that made his phenomenal success possible, Sajan told Emirati News Agency in an interview that the UAE provides incentives and drafting economic legislation that encourages investment and commerce.
The country offers foreign investors an array of incentives and has a competitive investment environment, especially in terms of the presence of industrial zones with modern advanced infrastructure, as well as an efficient road network and large ports and airports, he said.
Sajan said Danube Group currently operates in five sectors— construction, real estate, interior design, furniture, retail, manufacturing, and food and beverage.
The UAE has a modern and advanced infrastructure, high-quality road and electricity networks, airports and ports, in addition to many free zones in all emirates, he added, noting that the logistical services provided by the country attract foreign investment.
The UAE’s infrastructure is also a factor in the development of world-class medical centers, IT complexes, technology centers, and modern business centers for leading business establishments, Sagan further added, highlighting the fact that the UAE has the largest shopping malls in the Middle East, making the lives of foreign investors easier.
Sajan expressed his gratitude to the UAE’s leadership and lauded its support for foreign investors while commending the latest amendments to the federal law regulating commercial businesses in the country, especially in terms of allowing foreign investors to own businesses in the country and canceling a clause stipulating that foreign companies need to have Emirati agents.