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Invest with Confidence
Helping you plan a bright future!
Helping you plan a bright future!
Helping you plan a bright future!
The traditionally strong bilateral relations between UAE and India have been fortified with the frequent visits by leaders of both countries. The momentum generated by these regular visits at the highest level was sustained and marked the beginning of a new strategic partnership between the two countries.
The traditionally strong bilateral relations between UAE and India have been fortified with the frequent visits by leaders of both countries. The momentum generated by these regular visits at the highest level was sustained and marked the beginning of a new strategic partnership between the two countries.
The growing India-UAE economic and commercial relations have contributed to the stability and strength of a rapidly diversifying and deepening bilateral relationship. India-UAE trade was valued at US$ 180 million per annum in the 1970s; whereas in 2020, US$ 59 billion making UAE, India's third largest trading partner for the year 2019-20. The UAE’s investment in India is estimated to be around US $ 18 billion of which US 11.67 billion is FDI. Indian investments in the UAE are estimated to be around US $ 85 billion
The UAE-India Investment Forum shall represent a new dawn in the multifaceted economic relationship between the harmonious countries. The forum, is supported by the Ministry of Economy, UAE and the Consulate General of India. Designed to engage and influence the people who matter most when it comes to making the real decisions.
Right from Real Estate, Smart Cities, and Convention centers, to Technologically driven ports and warehouses – UAE and India have witnessed an influx of investments. Thought leaders shall formulate steps towards a comprehensive strategic partnership facilitating investments and bilateral trade in the infrastructure sector.
Clean energy is the jargon for coming years given the rise of global warming and climate change. Net zero and government environment imperatives are set to dominate investment decisions for years to come. We explore the opportunities between the UAE and India on ways to form a mutual collaboration to pave the way for a sustainable future
The environmental, geo-political, and socio-economic effects of the pandemic and how investors are driving international and domestic investment in economic and utilities resilience. The need for food security is at its peak - Leaders will gather to highlight how to build inclusive, resilient, efficient, and sustainable food ecosystems.
India is the hub for start-ups. UAE is a hub for ex-pats and global businesses. The intersection of countries is a petri dish for untapped potential, unused resources, and immense business opportunities. Let us draw a blueprint for a two-way start-up ecosystem that creates new jobs, promotes foreign direct investment, empowers entrepreneurs
The last 2 years have been significant to digital transformation across the world. We take a deeper look at changes in potential collaboration, investment, and benefits due to the digitally shrunk world.
Dubai property market may be booming with the likes of Ambanis said to be lapping up massive villas in up-market areas for top dollars, but away from the hot spots, the UAE is in the forefront of a silent revolution in the real estate sector, tipped to soon become the new rage in the segment.
And it is all happening in the virtual world – the metaverse.
The virtual real estate market in the UAE – which began as a novelty at first – has been growing spectacularly of late, with virtual land and apartments selling out fast, with their prices hitting new highs.
Tesla. We all have heard about it. But did you know the domain tesla.com was bought by Elon Musk for $11 Million! If you think that’s expensive, here’s more for you. The most expensive domain name ever sold is at $872 million. Cars.com was valued at $872 million from the US SEC filing, by it’s parent company, Gannet Co., Inc. When the world is going so hot on domains, can our UAE stay back?
The domain selling portal 'Executive Bachelors.com’, which operates under the UAE-based investment company 1971, has transferred Air Kerala.com to Smart Travels for the largest amount in the UAE. Airkerala.com was registered in February 2000. At the time when the Kerala government was going ahead with Air Kerala, India’s largest newpaper spreadsheet the Times of India valued the domain name at around Rs 5 crore (*AED. 27 million then).
“After the news came, many international domain brokers approached us. Since it was a name connected to the region of Kerala, India which had the largest no of migrants working in the Middle East which I also represent, it became more of a purpose than just sale”, said Sathar Karan. He is the new face of India. Engineer by profession, Art by passion and runs an advisory firm by the side for expats to enter the Middle East. He is well connected with the decision makers and royalty that allows him to make the EODB, Ease of Doing Business in UAE a cakewalk. He used to be passionate about technology in the early days of TCP/IP classes from his college days and that passion still continues with the domain sales segment.
Zakaria Muhammad, a leading investment advisor in the UAE, was the first to suggest help him with identifying the right buyer. And came the largest deal in the history of UAE’s domain sales. The investment company 1971 transferred the domain when Smart Travel owner Afi Ahmed approached with the idea of an airline with the experience of flying the largest number of chartered flights to India regardless of profit and loss, as he as an early migrant had been through the journey of not finding affordable travel back and forth to India. He was a warrior who personally ran multiple charters between the countries giving a lot of relief to the Indians during the Covid times.
With more than 7.5 million Indians across the Middle East, this mission made sense while Afi got the costly offers from other international domain agents. A chance meeting in an Innovation Summit hosted by the Government, they met by the side and discussed their independent purposes. And they signed the deal over a Kawa and Dates. Afi was relieved as he got the deal at a fraction while the final price offered really blew Sathar to a level of unbelievability.
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“I was so concerned and was not ready to sell Air Kerala as it was a dream project of many. I waited for 23 years in the hope that one day would come when someone would approach me at a throwaway price, and here I was offered the biggest sale of my life”, said Sathar Karan. My father used to say good things take time, added Sathar.
Afi Ahmed, chairman of Smart Travel, the leading travel company in the UAE, has acquired the domain Air Kerala.com, which is the most expensive domain in UAE. Smart Travels is moving forward by acquiring the domain with the aim of initially providing cheap air tickets to the masses and then branching out into charter flights and own-aircraft international flights. The project is already underway and he’s rolling out more services in 2023.
The authorities have reversed the earlier decision that only five years of experience in the field of domestic aviation would be allowed to start international flights. The state government can also take the initiative to start the long-awaited flight service of expatriates as the new decision has been made to allow international service for those who have 20 planes.
There is a lot of potential to attract more foreign tourists and make Indian and Kerala tourism world-class by starting the new air service. Kerala's own airline is a project that can be made possible by taking the initiative of the government, using non-resident industrialists or inviting investments from the public.
The huge potential in India's domestic aviation sector is the reason why many private airlines are coming forward with new big projects recently. Afi Ahmed added that their experiences in the past have successfully implemented the potential of charter flights. With AirKerala.com this will be strengthened further in and Smart Travels is proud to undertake such ambitious projects. Sathar Karan with his proficient business acumen and connection has offered to extend his networks and wealth of knowledge to support this aviation project to fly sooner.
Smart Travels Founder Afi Ahmed, General Manager Safeer Mahamood, 1971 Partner Saab Somhoon and Executive Bachelors Creative Director Sreesan Menon were present.
HARSH WARDAN
YOGESH BHATIA
SATHAR AL KARAN
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