Yusuff Ali M.A., Chairman, Lulu Group, has announced an investment project for Rs. 4,000 crore to be developed on over 20 acres of land in Ahmedabad.

Speaking at Investopia, a platform dedicated to connecting investors, business leaders and governments to identify new investment opportunities, drive growth and incubate future economies globally, Ali said, “Very happy to be a part of Investopia Global event in Ahmedabad, Gujarat. In the event, we have announced an INR 4000-crore (AED1.53 billion) investment project to come up with a modern Shopping Mall, 5-star Hotel and furnished residential apartments in an area of nearly 21 acres of land that we have recently acquired in Ahmedabad. The project is expected to provide more than 15,000 employment to residents of the State. In addition to this, we are also initiating for a Food Park as well as planning for a Fish-processing plant.”

Investopia launched a new edition of the ‘Investopia Dialogues’ in Ahmedabad, Gujarat, recently marking its fifth consecutive edition in India.

The event brought together over 500 leaders, senior officials, investors, and entrepreneurs from the UAE and India.

The dialogues aimed to strengthen bilateral economic and investment partnerships between the two countries while exploring new opportunities in future-oriented and sustainable sectors, in line with global economic shifts and in support of growth driven by knowledge, innovation, and advanced technologies.

The event was attended by Abdulla bin Touq Al Marri, Minister of Economy and Tourism and Co-Chair of the Investopia Board of Trustees; and Bhupendrabhai Patel, Chief Minister of Gujarat.

Participants also included Abdulrahman Mohammed Alhawi, Under-Secretary of the UAE Ministry of Investment and President of Investopia; Dhafer Al Qasimi, CEO of Silal Group; Sheikh Saqr bin Omar Al Qasimi, CEO of Marjan Developers; Yusuff Ali M.A. Chairman and Managing Director of Lulu Group, and Eng. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL.

Investopia – Ahmedabad explored the prospects for strengthening bilateral economic cooperation and enhancing the private sector’s role in expanding investment partnerships between the two sides.

These efforts aimed to boost capital flows and strengthen cooperation across logistics, food security, advanced manufacturing, financial services, tourism, and artificial intelligence (AI).

The event also featured several roundtable discussions and multiple bilateral meetings.

Bin Touq emphasised that the UAE-India economic relations are strategic and experiencing rapid growth across vital sectors, driven by the shared vision of both leaderships.

“Investopia provides a vital platform to elevate bilateral partnerships to new heights, particularly in new economy sectors. It continues to solidify its role as a leading global platform connecting governments with business communities and investors, transforming economic opportunities into high-quality projects and strategic partnerships that drive the competitiveness of both business communities,” he stated.

Bin Touq added, “The UAE-India economic partnership is an advanced model for sustainable growth and economic integration, opening up broad horizons to enhance opportunities and expand joint economic activities. The total number of Indian companies operating in the UAE reached 290,222 by the end of H1 2026, reflecting a 16.7 per cent growth compared to the same period in 2025.”

Abdulrahman Mohammed Alhawi, Under-Secretary of the UAE Ministry of Investment and President of Investopia, said, “The investment partnership between the UAE and the Republic of India is among the most dynamic and fastest-growing globally, particularly since the Bilateral Investment Treaty came into force in 2024. Today, the UAE accounts for more than 70% of the total investment inflows from the GCC countries into India, while nearly 4,000 new Indian companies joined the Dubai Chamber of Commerce during the first quarter of 2026. Investopia Dialogues – Ahmedabad marks a new milestone in this strategic partnership. Through this platform, we look forward to further expanding bilateral investments, strengthening the role of the private sector in the next phase, and reinforcing the UAE’s position as a leading gateway that enables Indian companies to access global markets.”

Sheikh Saqr bin Omar Al Qasimi, CEO of Marjan Developers, said, “Investopia in Ahmedabad reflects the depth of the UAE–India relationship, one that is deeply personal to us at Marjan, where Indian investors are among our most committed partners in shaping Ras Al Khaimah into a world-class destination.”

Eng. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL Group, said, “Our participation in Investopia India underscores EMSTEEL’s commitment to strengthening strategic partnerships that support sustainable industrial growth. The UAE and India share a strong and growing economic relationship, creating significant opportunities for collaboration across manufacturing, infrastructure, innovation, and low-carbon industrial development. As a leading national industrial company, EMSTEEL continues to contribute to advancing this strategic partnership while supporting the ambitions of both nations for a more sustainable and resilient future.”

During the event, Bin Touq held a bilateral meeting with Bhupendrabhai Patel, Chief Minister of Gujarat, to discuss prospects for enhancing economic cooperation between the UAE and Gujarat.

The meeting explored new partnership opportunities in priority sectors such as advanced manufacturing, logistics, food security, and tourism and highlighted the importance of reinforcing partnerships between the UAE and Indian business communities. – editor@nrifocus.com