UAE considers investing in Indian-held Kashmir

A high-level UAE business team is visiting Indian-controlled Kashmir to examine investment potential in the region, just a month after the two countries signed a trade pact aimed at expanding ties.

According to Indian media, the group arrived in Srinagar on Sunday and is slated to visit tourist destinations such as Pahalgam and Gulmarg during the four-day trip.

The CEOs of the Emirati Royal International Group and Dubai-based Al Tayer Group are among the CEOs of more than 30 companies, including Saudi and Indian entrepreneurs.

Bal Krishen, CEO of UAE financial services business Century Financial, is leading the delegation. The delegation will investigate investment opportunities in the hotel and tourist industries.

Jammu and Kashmir’s administration is “aiming to attract new investments in industries and tourism by highlighting key opportunities and growth sectors,” an official was quoted as saying by Republic World.