Businesses from Indian-administered Kashmir eye new possibilities with UAE investment

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Mon, 2023-03-27 00:47

NEW DELHI: The first foreign investment in Jammu and Kashmir has ignited hopes for more opportunities in the restive Indian-administered region, local authorities and business leaders told Arab News, as Dubai’s Emaar Group is due to build a shopping mall and office complex in its largest city.

Dozens of Emirati businessmen participated in an investment summit organized by the UAE-India Business Council and the local government in Srinagar on March 19, where Emaar — Dubai’s largest listed developer — held the ground-breaking ceremony for the $60 million Mall of Srinagar.

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