Al Adil's Indian boss Dr Dhananjay Datar gets 10-year UAE visa
Chairman of Indian foodstuff trading company says Al Adil Trading may pursue Europe expansion programme in 2020
The chairman of Indian foodstuff trading chain Al Adil Trading, Dr Dhananjay Datar, has been granted the UAE's 10-year visa as the company, known for inviting Bollywood stars such as Karisma Kapoor, Shilpa Shetty, and Parineeti Chopra for the launch of its stores in the UAE, Bahrain, Oman, and Saudi Arabia, pursues a growth strategy including even Europe.
Commenting on the company's official Facebook page, Datar said: "I would like to place on record my heartfelt gratitude to UAE, the great leaders of this wonderful country for providing me with the 10-year Golden Visa.
"The futuristic vision of our beloved leaders will strengthen UAE's position as the most dynamic and progressive nation in the world."
According to a report by Construction Week's sister title Arabian Business earlier this week, Datar said UAE retail rents had declined by around 30%, paving the way for business expansion.
“Markets are always volatile and pass through ups and downs, but it is also true that nothing remains constant."
Plans are in place to open an Al Adil Trading outlet in Kuwait over the next six months, and chairman Datar said the company would also consider entering Europe in 2020.
Commenting on how contemporary market sentiment might impact business performance, he said in the Arabian Business report: "Personally, I fully believe in that golden truth and try to adjust myself according to the situation.
“With the market down, it’s a good chance for us to negotiate longer leases for less with landlords.”