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CLAIM ID

4d37d369

The Jammu and Kashmir administration has signed an MoU with Dubai for real estate business in Jammu and Kashmir.

The agreement was signed between J & K administration and Dubai government to Industrialize the state on a wide scale.

The agreement was signed between J & K administration and Dubai government to Industrialize the state on a wide scale.The groundwork for the MOU was prepared during Union minister Piyush Goyal's visit to Dubai in October for the inaugural function of the India Pavilion at Dubai Expo 2020. The agreement covers real estate development projects, industrial parks; IT towers, logistics, medical college, super specialty hospital, and more. The total investment value has not been specified in the accord.

It is expected that the MoU will pave the way for rapid development in the Union territory even as the region is seeing an increase in violence recently. This is the first such investment by a foreign government in the region.

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