Chief Minister Chandrababu Naidu met with Sheikh Hamed bin Tahnoun Al Nahyan, son-in-law of President (Sheikh Khalifa bin Zayed Al Nahyan) of UAE, and son of ruler of Al Ain.

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Chief Minister Chandrababu Naidu met with Sheikh Hamed bin Tahnoun Al Nahyan, son-in-law of President (Sheikh Khalifa bin Zayed Al Nahyan) of UAE, and son of ruler of Al Ain.

  Mon Oct 23, 2017 21:14        Gulf News

The Chief Minister presented a brief about the opportunities in Andhra Pradesh, and discussed sectors that have scope for investments and development.

Meeting with ADIA

The Chief Minister met with the top management of ADIA, including Khalil Foulathi, Member of the Board of Directors and Advisor to Managing Director.

He said that he is an admirer of the development process of UAE, especially Abu Dhabi.

He spoke about the journey of the growth of Andhra Pradesh, from a state of crisis, to a state full of opportunities.

The farmers’ cooperation for the creation of a capital, helped the government accumulate for free, 33,000 acres, worth almost ₹40,000 crore.

He said that the state aims to be a developed state, and grow at 15% year for the next 15 to 20 years, which would be double national level growth.

He explained that Singapore too, came forward to create a master plan for the state.

“There are great opportunities in Andhra Pradesh now. India as a country too, has a growing potential and is full of opportunities, and AP stands first in the country in that aspect”, he said.

He said that the state government is working with a clear vision. The natural resources, water and power supply is in abundance, and the use of cutting edge technology like virtual classrooms, AP Fibernet, block chain, automation and realtime governance is leading the state towards fast development.

The ADIA group discussed the financial models that will be adopted, to follow up with returns and recoveries.

The Chief Minister explained about the toll charges for road networks, BOT, BOOT and other hybrid models.

He welcomed the company to visit the state, and see for themselves.

The day also included a lunch meeting with the Minister of Culture, Sheikh Nahyan bin Mubarak Al Nahyan, before the Chief Minister and the delegation headed to Mubadala Investment Company.

Meeting with Mubadala Investment Company

Mubadala presented their investment portfolio that comprised of infrastructure projects, semiconductors, minerals, aerospace, Information & Communication Technology, utilities, defense services, real estate, healthcare and renewable energy.

They said they are keen to invest in India, and bring their capital, knowledge and expertise for development.

The Chief Minister said that this is the right time to start, and the state of Andhra Pradesh has grown to become a happening state.

With fast economic growth, the state is number one in ease of doing business, gifted with a young and driven population, and is aiming for international standards.

The long sea coast gives good access to Southeast Asia, and the good road, railway and canal waterways networks ensure good connectivity.

The state is strong in agro-processing, organic agriculture and the creation of a new capital offers abundant opportunities, he said.

“We want to make it one of the best five cities in the world. It will be a blue and green city. Amaravati will not just be an administrative city, but an economic capital as well.”

Homaid Al Shimmari suggested the creation of a joint working group, as they are interested to invest in energy storage systems.

“Education, priority areas, levels of education and the strategic vision explained by the Chief Minister, are attractive opportunities to us”, Mr. Homaid said.

They agreed to visit AP, and approved for the committee to comprise of three people from their company, and Ajay Jain, Solomon Arokia Raj, J. Krishna Kishore and a representative of the Indian embassy.



   Chief Minister Chandrababu Naidu met with Sheikh Hamed bin Tahnoun Al Nahyan, son-in-law of President (Sheikh Khalifa bin Zayed Al Nahyan) of UAE, and son of ruler of Al Ain.