The ideal investment choice for Indians is the country where they have had centuries of good economic trade and ties with, the UAE, and like a good neighbour should, the UAE always welcomes India’s business.
Last year the UAE’s GDP increased to 26 percent, with over 60 percent coming from sectors other than the oil industry, 50 percent of which originated from the service sector.
Indians have always viewed the Emirates as their second home, a luxurious and profitable home at that. Even now, UAE is experiencing insightful Indian investors and residents who know they will be able to achieve immense magnitude of wealth through business, job opportunities and property all throughout the UAE.
Currently, India’s prime construction and engineering firm, Larsen & Toubro Ltd, is seeking a partnership with a Gulf based company, since they consider the region to foster growth and prosperity. Indian companies understand that all states within the UAE and GCC are big venture destinations, and are willing to invest tremendously in each state to make money, careers and satisfy their clientele.
Larsen had recently established a joint venture with Kuwait’s Bader Al Mulla Group, where they intend to delve into oil, gas, power and infrastructure projects in Kuwait.
Although Kuwait has considerable refining and oil and gas associated ventures and career opportunities, Larsen does not plan to stop there. They are also launching joint ventures in Qatar and the UAE.
The investment options in the UAE and GCC regions are endless for many Indian investors, which simultaneously generates economic growth for the Indian and Middle East economies.